China’s YPC-GPRO to restart Nanjing SBR plant on 17/18 Sept

14 September 2012 09:53  [Source: ICIS news]

SINGAPORE (ICIS)--China’s YPC-GPRO (Nanjing) Rubber Company Limited plans to restart its 100,000 tonne/year styrene butadiene rubber (SBR) plant early next week, a company source said on Friday.

YPC-GPRO (Nanjing) Rubber’s SBR plant was shut down around 8 August for regular maintenance and the company plans to restart it either on 17 or 18 September, the source added.

The plant was mainly producing non-oil grade SBR 1502 before it was taken off line, the source added.

The restart of this plant will contribute to an increase in SBR supply towards the end of the month specially that of non-oil grade SBR 1502, industry sources said. 

The unit will produce non-oil SBR 1502 at the beginning of plant restart, another company source said.

SBR prices have rebounded this week on speculative trade and interest from end-users such as tyre makers, adhesive tape producers and footwear factories.

SBR prices have also risen in tandem with firming natural rubber (NR) prices, traders said.

Non-oil SBR 1502 was assessed at yuan (CNY) 18,600-19,200/tonne ($2,938-3,033/tonne) EXWH (ex-warehouse) East China on 14 September, up by about CNY600/tonne from last week, according to data from Chemease, an ICIS service in China.

However, the uptrend of SBR prices will be limited after supply increases by the end of September, some industry sources said.

YPC-GPRO (Nanjing) Rubber is one of the major SBR manufacturers in China, with its plant in Nanjing city.

($1 = CNY6.33)

By: Sunny Pan

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