S Korea’s LG Chem to extend BR unit shutdown on weak demand

25 April 2012 03:34  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s LG Chem will extend the shutdown of its 80,000 tonne/year butadiene rubber (BR) line at Daesan by at least another week because of weak demand, a company source said on Wednesday.

The line was initially scheduled to be restarted in late April following a three-week turnaround, according to the source.

“Demand for BR is very weak and we will extend the shutdown of the 80,000 tonne/year BR line by at least another week and restart [it] sometime in early May,” the source said.

LG Chem runs three BR lines at Daesan with a combined capacity of 180,000 tonnes/year.

Its other two BR lines, each with 50,000 tonnes/year of capacity, are operating at 100% of capacity.

BR spot prices were at $3,650-3,750/tonne (€2,774-2,850/tonne) CFR (cost & freight) northeast (NE) Asia in the week ended 19 April, down by $150/tonne since mid-March, according to ICIS.

($1 = €0.76)

By: Helen Yan
+65 6780 4359

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