01 August 2012 07:34 [Source: ICIS news]
SINGAPORE (ICIS)--China's YPC-GPRO (Nanjing) Rubber is planning to shut its 100,000 tonne/year styrene butadiene rubber (SBR) plant in Nanjing on 8 August for 40 days of maintenance, a company source said on Wednesday.
The plant has been operating at full capacity since July, the source added.
The shutdown is expected to have little impact on the market as domestic SBR price are expected to be on a downtrend because of weaker feedstock butadiene (BD) prices and poor demand, according to market players.
Domestic SBR prices were assessed at yuan (CNY) 18,000-19,800/tonne ($2,830-3,113/tonne) for non-oil grade 1502 and CNY16,500-17,100/tonne for oil-extended grade 1712 on 31 July, according to Chemease, an ICIS service in ?xml:namespace>
($1 = CNY6.36)
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