11 October 2012 05:15 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec SABIC Tianjin Petrochemical restarted its 200,000 tonne/year butadiene (BD) unit at Tianjin on 11 October after completing its maintenance, a source close to the company said on Thursday.
Sinopec SABIC Tianjin shut its 200,000 tonne/year BD unit on 26 August for maintenance, with the restart time originally planned on 2 October, the source said. However, the reason for the delay was not disclosed.
“We are planning to achieve on-spec production at the plant this week,” the source said.
Sinopec SABIC Tianjin lost 22,000-24,000 tonnes of BD production because of the plant’s maintenance, the source add.
The increase in BD supply from the restart could lead to an oversupply in China given the current ample supply, market sources said.
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, market sources said.
Sinopec sold its BD at yuan (CNY) 16,300/tonne ($2,587/tonne) EXW (ex-works), up by CNY300/tonne from 26 August, according to Chemease, an ICIS service.
Sinopec SABIC Tianjin Petrochemical is a key BD producer in China.
($1 = CNY6.30)
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