08 November 2012 05:38 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s TSRC has cut the operating rates at its 100,000 tonne/year styrene butadiene rubber (SBR) plant at Kaohsiung to 80% this week because of weak market conditions, a company source said on Thursday.
In October, the plant ran at an average rate of 85-90%, the source said.
SBR prices have been falling because of oversupply and weak demand.
On 7 November, non-oil grade 1502 SBR prices were assessed at $2,350-2,400/tonne (€1,833-1,872/tonne) CIF (cost, freight and insurance) China, down by $50-100/tonne from the previous week, according to ICIS data.
($1 = €0.78)
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