China's Bluestar Petrochemical runs BD unit at 60% after restart

10 October 2012 10:37  [Source: ICIS news]

SINGAPORE (ICIS)--China's Bluestar Petrochemical is running its 30,000 tonne/year butadiene (BD) unit in Tianjin at 60% capacity, following its restart on 8 October after a 27-day shutdown, a source close to the company said on Wednesday.

“We shut the plant on 11 September and are planning to achieve on-spec production at the plant by 11-12 October,” the source said.

The restart may lead to an increase in BD supply to the domestic market in October, a market player said.

Sinopec sold BD at yuan (CNY) 16,300/tonne EXW (ex-works) on 10 Oct, up by CNY300/tonne from 11 September, according to Chemease, an ICIS service in China.

However, BD prices may be on a downtrend in October because of weak demand from its downstream butadiene rubber (BR) and styrene butadiene rubber (SBR) sectors, according to industry sources.

($1 = CNY6.29)

By: Maggie He

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