07 October 2011 04:45 [Source: ICIS news]
SINGAPORE (ICIS)--Asia’s largest synthetic rubber producer, Kumho Petrochemical of ?xml:namespace>
The company’s 342,000 tonne/year butadiene rubber (BR) plant in Yeosu, meanwhile, was shut on 4 October and will not be operating up to 24 October, the source said.
Kumho’s plant shutdowns will likely put more downward pressure on the prices of butadiene (BD) because synthetic rubber producers are the major consumers of BD in
“The feedstock BD price will face more downside pressure in October as demand is weak and there is ample supply,” a trader said.
BD prices have declined by $700/tonne since early September to $2,700-2,800/tonne CFR (cost and freight) northeast (NE) Asia in the week ended 30 September, ICIS data showed.
“We expect BD prices to fall further in October to around the low $2,000’s/tonne CFR NE Asia as buyers seem to have limited spot appetite,” another trader said.
($1 = €0.74)
Please visit the complete ICIS plants and projects database
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|