16 October 2012 04:15 [Source: ICIS news]
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
Demand in the Chinese market has been improving, according to market players.
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