China’s Qilu Petrochemical to shut BR plant on 20 September

18 September 2012 08:40  [Source: ICIS news]

SINGAPORE (ICIS)—China’s Sinopec subsidiary Qilu Petrochemical is planning to shut its 70,000 tonne/year butadiene rubber (BR) plant at Zibo in eastern China on 20 September for a 20-day turnaround, a company source said on Tuesday.

The plant is currently running at full capacity, the source added.

"This shutdown may directly tighten BR supply in Shandong market," a market player said.

Domestic BR prices rose by yuan (CNY) 1,400-1,700/tonne ($222-269/tonne) from 1 September to CNY20,200-21,300/tonne ex-warehouse (EXWH) in China on 17 September, according to Chemease ,an ICIS service in China.

Domestic BR prices have rebounded on the back of interest by speculative traders and some end-users. The price hike was in tandem with a rise in natural rubber (NR) prices.

The producer is running its 250,000 tonne/year styrene butadiene rubber (SBR) unit at the same site in Zibo at full capacity, the source added.

($1 = CNY6.32)

By: MK Liu

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