China's Bluestar Petrochemical runs BD unit at 80% after restart

13 August 2012 05:10  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Bluestar Petrochemical is running its 30,000 tonne/year butadiene (BD) unit in Tianjin at 80% capacity after restarting it on 12 August, a source close to the company said on Monday.

The BD unit was restarted on 12 August after its unexpected shutdown on 8 August, the source said without disclosing the reason for the shutdown.

“The BD plant’s operating rate is about 80% capacity, following yesterday’s restart.” the source added.

Bluestar Petrochemical’s on-stream unit will increase the BD supply in the domestic market, a market player said.

The company is selling its BD cargoes at yuan (CNY) 17,500/tonne ($2,752/tonne) EXW (ex-works) on 13 August, down by CNY1,000/tonne from 8 August, according to Chemease, an ICIS service in China.

The BD prices may decline further because demand from the downstream butadiene rubber (BR) and styrene butadiene rubber (SBR) sectors remains weak.

($1 = CNY6.36)

By: Maggie He

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