Taiwan’s TSRC to shut BR plant for maintenance in September

08 August 2012 04:31  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s TSRC will shut its 60,000 tonne/year butadiene rubber (BR) plant at Kaohsiung next month for maintenance, a company source said on Wednesday.

“We will shut down the BR plant for 20 days in September for a scheduled turnaround,” the source said.

Spot BR prices have been under downward pressure because of weak demand.

Offers for September shipments at $3,000-3,100/tonne (€2,430-2,511/tonne) CFR (cost and freight) northeast (NE) Asia have drawn little interest.

In the week ended 2 August, BR prices were at $2,900-3,000/tonne CFR NE Asia, according to ICIS.

Demand for BR has weakened because the downstream tyre producers have reduced their operating rates amid a slowing global economy and sluggish automotive industry.

BR is a raw material used to make tyres for the automotive industry.

TSRC also runs a 100,000 tonne/year styrene butadiene rubber (SBR) plant at Kaohsiung that is currently running at 70% of capacity.

($1 = €0.81)

By: Helen Yan
+65 6780 4359

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