08 August 2012 04:31 [Source: ICIS news]
“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)
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.
($1 = €0.81)
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