China's Sinopec Qilu to restart BR plant in early November

31 October 2012 02:24  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinopec Qilu is planning to restart its 70,000 tonne/year butadiene rubber (BR) plant at Zibo in east China after a six-day turnaround in early November, a company source said on Wednesday.

"The plant has been shut since 28 October," the source said, adding that the shutdown is mainly because of poor market conditions.

Domestic BR prices decreased by yuan (CNY) 600-800/tonne ($96-128/tonne) from 1 October to CNY19,700-20,600/tonne EXWH (ex-warehouse) in China on 30 October, according to Chemease, an ICIS service in China.

"This shutdown may [only] slightly tighten BR supply in Shandong market as the capacity at the plant is small," a market player said.

The producer is also running its 250,000 tonne/year styrene butadiene rubber (SBR) unit at the same site in Zibo at full capacity, the source added.

($1 = CNY6.24)

By: MK Liu

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