China’s Shen Hua Chemical to shut SBR plant for turnover on 22 Oct

17 October 2012 09:12  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shen Hua Chemical Industrial planned to shut down its 180,000 tonne/year stryene butadiene rubber (SBR) plant at NantongJiangsu province, from 22 October to 10 November for maintenance, a company source said on Wednesday.

The source added that it failed to shut its SBR plant in early October as planned initially because of equipment problem.

Shen Hua’s SBR plant has three lines and it produces non-oil grade SBR 1502, oil-extended grade SBR 1712 and SBR 1723. It is currently running at full operating rate to prepare for the shutdown period.

Some industry sources said that the decrease in supply resulting from the shutdown may not support SBR prices.

There is ample SBR supply currently and the prices have fallen because of weak demand, industry sources added.

The prices of non-oil grade SBR 1502 were assessed as lower by yuan (CNY) 100/tonne ($16/tonne) at the high end of the range from the previous week at CNY19,200-19,900/tonne EXWH (ex-warehouse) east China on 16 October. The prices of oil-extended grade SBR 1712 were assessed at CNY16,900-17,400/tonne EXWH east China on 16 October, down by CNY100/tonne from the previous week, according to Chemease, an ICIS service in China.

($1 = CNY6.27)

By: Sunny Pan

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