06 July 2012 11:23 [Source: ICIS news]
Correction: In the ICIS story headlined "China’s Fuxiang Chemical cuts Quanzhou SBR plant op rate to 60% " dated 6 July 2012, please read in the first paragraph ... its 100,000 tonne/year styrene butadiene rubber (SBR) plant ... instead of ...its 10,000 tonne/year styrene butadiene rubber (SBR) plant... A corrected story follows.
SINGAPORE (ICIS)--China’s Fuxiang Chemical on 5 July lowered the operating rate at its 100,000 tonne/year styrene butadiene rubber (SBR) plant at Quanzhou from 80-90% capacity to 60% because of a feedstock butadiene (BD) shortage, a company source said on Friday.
The source did not provide further details about the feedstock supply shortage.
The plant, which produces non-oil grade SBR 1502, was operated at 80-90% capacity in the past week, the source added.
Non-oil grade SBR 1502 in east China stood at yuan (CNY) 20,500-21,200/tonne ($3,223-3,333/tonne) EXWH (ex-warehouse) on 6 July, up by CNY1,000/tonne from 29 June, according to Chemease, an ICIS service in China.
SBR prices have been increasing because of rising feedstock costs. Cutbacks in SBR production may boost SBR prices further in the near future, traders said.
($1 = CNY6.36)
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