China's Shen Hua delays restart of BR plant to 10 May

30 April 2010 04:48  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s Shen Hua Chemicals has delayed the restart of its 72,000 tonne/year butadiene rubber (BR) plant to 10 May from end April due to some technical issues, a company source said on Friday.

“We have pushed back the restart date a little bit because of some machine problem,” the source said.

Shen Hua shut down the BR plant on 1 April as its margins were eroded by soaring costs of feedstock butadiene (BD), the source added.

BD spot prices have surged by $300/tonne (€228/tonne) since early March to around $2,150/tonne CFR (cost and freight) northeast (NE) Asia, according to global chemical market intelligence service, ICIS pricing.

($1 = €0.76)

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By: Helen Yan
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