China’s Ningbo Shunze Rubber restarts one NBR line on 15 October

16 October 2012 04:15  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Ningbo Shunze Rubber restarted one of the two 25,000 tonne/year lines of its nitrile rubber (NBR) plant at Ningbo in Zhejiang province on 15 October, a company source said late on Monday.

The Chinese producer restarted the 25,000 tonne/year NBR line to produce 3355 NBR, a major rubber grade, the source added.

The 50,000 tonne/year NBR plant was shut on 20 July for regular maintenance. However, the plant’s restart date was delayed, despite the completion of the turnaround, because of weak demand in the market, the source said.

The producer offered the first batch of on-spec NBR from its 50,000 tonne/year NBR plant in June 2011 when it was newly started up. However, the plant’s operating rate was kept largely at around 50% capacity since.

Ningbo Shunze Rubber has increased its NBR offers by CNY1,200/tonne to CNY22,000-22,200/tonne DEL (delivered) in the past two months, according to data from Chemease, an ICIS Service in China.

Demand in the Chinese market has been improving, according to market players.

By: Alex Feng
+65 6780 4327

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly