05 March 2012 05:27 [Source: ICIS news]
“We cannot absorb the high feedstock BD costs. We are currently running at 70% of capacity and will shut from 15 March to 28 March,” the source said.
BD prices have raced ahead of BR prices in recent weeks, wiping out the margins of BR producers.
In the month of February, feedstock BD prices averaged $3,800/tonne (€2,888/tonne) CFR (cost and freight) NE (northeast)
BR prices have to be about $600-700/tonne higher than the feedstock BD prices for BR producers to have any margins, industry sources said.
($1 = €0.76)
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|