12 October 2012 07:32 [Source: ICIS news]
SINGAPORE (ICIS)--China’s YPC-GPRO (Nanjing) Rubber started producing oil-extended grade styrene butadiene rubber (SBR) this week, a company source said on Friday.
Supply of oil-extended SBR was limited in the market in September and the company previously had plans to produce the grade in October, the source said.
The company’s 100,000 tonne/year SBR plant in Nanjing was restarted on 18 September from a turnaround and initially only produced non-oil grade SBR 1502. It began producing both non-oil grade SBR 1502 and oil-extended grade SBR 1712 this week.
Prices of oil-extended grade SBR 1712 softened this week on expectations of a supply increase from YPC-GPRO and poor demand after the national day holiday in China.
Prices of oil-extended grade SBR 1712 were assessed at yuan (CNY) 16,900-17,400/tonne ($2,700-2,770) EXWH (ex-warehouse) east China on 12 October, down by about CNY100/tonne from 28 September, according to data from Chemease, an ICIS service in China.
($1 = CNY6.28)
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