China’s Fushun Petrochemical to start up SBR plant on 6 Sept

02 August 2012 03:57  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Fushun Petrochemical, a subsidiary of PetroChina, plans to officially start up its 200,000 tonne/year styrene butadiene rubber (SBR) plant at Liaoning province in northeast China on 6 September, a company source said on Thursday.

The plant has been producing small batches of non-oil grade SBR 1500E in trial runs since early July, the source added.

PetroChina’s sales branches across China will be in charge of the sales of Fushun Petrochemical’s SBR output, according to the source.

Details on the cost or construction schedule of the plant were not immediately available.

Some industry sources are concerned that the increase in supply from Fushun Petrochemical’s SBR products will weigh on prices amid poor demand.

SBR prices in east China were assessed at yuan (CNY) 18,100-19,000/tonne ($2,841-2,983/tonne) for non-oil grade SBR 1502 and CNY17,700-18,700/tonne for oil-extended grade SBR 1712 on 1 August, down by about CNY800/tonne from last week, according to Chemease, an ICIS service in China, as some suppliers had to offload high inventories amid poor demand.

($1 = CNY6.37)

By: Sunny Pan

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