12 August 2011 07:25 [Source: ICIS news]
SINGAPORE (ICIS)--TSRC-Ube (Nantong) Chemical Industry will shut its 72,000 tonne/year butadiene rubber (BR) plant at Nantong, China, at the end of August for maintenance, a company source said on Friday.
“We will shut down the BR plant for 40 days for maintenance from the end of August,” the source added.
No specific dates were given for the turnaround.
Other BR producers in China which have shut or plan to shut their plants for maintenance include Hunan Baling Chemical Industry, Zinjiang Duzhanzhi Chemical Industry, Sinopec Shanghai Gaoqiao and Heilongjiang Daqing Chemical Industry.
“Demand for BR has fallen and prices have dropped, that is why many BR plants in China are shut,” a trader said.
Chinese domestic BR prices fell by yuan (CNY) 1,000/tonne ($156/tonne) to CNY34,300-34,700/tonne EXWH (ex-warehouse) this week.
TSRC Ube is a joint venture company by TSRC Corp of Taiwan and Japan’s Ube Industries and Marubeni.
($1 = CNY6.39)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections