China's Bluestar Petrochemical shuts Tianjin BD unit unexpectedly

08 August 2012 07:26  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Bluestar Petrochemical unexpectedly shut its 30,000 tonne/year butadiene (BD) unit in Tianjin on 8 August, a source close to the company said on Wednesday.

The source did not disclose the reason for the shutdown, but said that the BD plant may restart in the later half of the week.

The domestic BD supply will drop during the month as a result of the shutdown, a market player said. However, BD prices are expected to continue on a downtrend because demand from the downstream butadiene rubber (BR) and styrene butadiene rubber (SBR) sectors is weak.

Bluestar Petrochemical offered BD at yuan (CNY) 18,500/tonne ($2,904/tonne) EXW (ex-works), down by CNY1,500/tonne from 7 August, according to Chemease, an ICIS service in China.

($1 = CNY6.37)

By: Maggie He

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