Thailand’s BST Elastomers shuts down two synthetic rubber plants

25 November 2010 02:37  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s BST Elastomers (BSTE) has shut down both its synthetic rubber plants for maintenance until early December, a company source said on Thursday.

BSTE’s 75,000 tonne/year styrene butadiene rubber (SBR) and 55,000 tonne/year butadiene rubber (BR) plants were shut on 23 November and were scheduled to restart on 7 December, said the company source.

Both plants are located at Mab Ta Phut in Thailand’s Rayong province.

The shutdown was likely to further tighten supply and exert upward pressure on the prices of SBR and BR, suppliers said.

“SBR and BR supply is currently tight and the shutdown [by] BSTE will further drive up prices,” an industry source added.

Major SBR producers have increased December offers for non-oil grade 1502 SBR by $200/tonne (€150/tonne) to $2,900-3,000/tonne CFR (cost & freight) southeast (SE) Asia, according to ICIS.

December spot offers for BR have also surged by $200/tonne to $3,500-3,600/tonne CFR SE Asia.

($1 = €0.75)

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By: Helen Yan
+65 6780 4359

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