China’s Sinopec Baling shuts Yueyang BR plant for maintenance

01 November 2012 08:37  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinopec Baling has shut its 60,000 tonne/year polybutadiene rubber (BR) plant for maintenance at Yueyang, Hunan province on 1 November because of poor market conditions, a company source said on Thursday.

Domestic BR prices in China decreased by yuan (CNY) 600-800/tonne ($96-128/tonne) to CNY19,700-20,600/tonne ex-warehouse (EXWH) on 31 October from 1 October, according to Chemease, an ICIS service in China.

The source did not specify the duration of the shutdown.

The shutdown will have little impact on the market because of the plant’s small capacity, a market player said.

($1 = CNY6.24)

By: MK Liu

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