03 June 2011 03:35 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Zeon Corp has shut down its synthetic rubber plants for maintenance until the middle of July, a company source said on Thursday.
“We shut down all the synthetic rubber plants in mid-May and they will be shut for maintenance for two months until mid-July,” the source added.
“The feedstock butadiene (BD) is very tight and price very expensive, so we will shut during this period,” the source said.
Feedstock BD prices rose by $350/tonne (€242/tonne) in May to hit $3,650-3,670/tonne CFR (cost & freight) NE (northeast) Asia in the week ended 27 May, according to ICIS.
The company operates a 110,000 tonne/year styrene butadiene rubber (SBR) plant, a 65,000 tonne/year butadiene rubber (BR) plant and a 60,000 tonne/year nitrile rubber (NBR) plant at Yamaguchi in western Japan.
($1 = €0.69)
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