China’s Hangzhou Zhechen Rubber runs SBR unit at full capacity

29 June 2012 07:47  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Hangzhou Zhechen Rubber has raised the operating rate of its 50,000 tonne/year styrene butadiene rubber (SBR) plant at Hangzhou in east China’s Zhejiang province to full capacity from 70% earlier this week, a company source said on Friday.

The company did not specify the reason for the increase.

“It may partly because of the rising SBR price in the domestic market,” a market player said.

Domestic SBR prices were at yuan (CNY) 19,500-20,300/tonne ($3,066-3,192/tonne) for non-oil grade 1502 and CNY17,000-17,200/tonne for oil-extended grade 1712 on 29 June, up by CNY100-500/tonne and CNY400-700/tonne respectively from 21 June, according to Chemease, an ICIS service in China.

Hangzhou Zhechen Rubber is the first privately run SBR plant in China.

($1 = CNY6.36)

By: MK Liu

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