China’s Jilin Petrochemical to shut SBR plant in mid-May

17 April 2012 07:09  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Jilin Petrochemical, a subsidiary of PetroChina, is planning to shut its 150,000 tonne/year styrene butadiene rubber (SBR) facility at Jilin province in mid-May for maintenance, a source close to the company said on Tuesday.

The plant is expected to be restarted in late June, the source said.

PetroChina might maintain its domestic offers at yuan (CNY) 24,000/tonne ($3,803/tonne) for non-oil grade SBR 1502 and at CNY20,000/tonne for oil-extended SBR 1712 ahead of the shutdown, industry sources said.

SBR prices in the domestic Chinese market are being weighed down by the falling prices of feedstock butadiene (BD).

SBR prices were assessed at CNY23,300-24,000/tonne for non-oil grade SBR 1502 and CNY20,000-20,100/tonne for oil-extended SBR 1712 in east China on 16 April, according to Chemease, an ICIS service in China.

SBR is the raw material for making tyre, rubber belt and shoes.

($1 = CNY6.31)

By: Sunny Pan

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