08 November 2012 07:29 [Source: ICIS news]
SINGAPORE (ICIS--China’s Shen Hua Chemical Industrial plans to restart its 180,000 tonne/year styrene butadiene rubber (SBR) plant at Nantong in Jiangsu province on 11 November, an industry source said on Thursday.
The plant was originally scheduled to be shut on 12 October for maintenance, the source said.
However, the date for the shutdown was postponed to 22 October, the source said without specifying the exact reasons for the delay.
The SBR plant has three lines which produce non-oil grade SBR 1502, oil-extended grade SBR 1712 and SBR 1723.
The restart of Shen Hua Chemical’s plant may increase the supply of SBR in the Chinese market in November, a trader said, adding that domestic SBR prices may decline further as demand remains weak.
Domestic prices for non-oil grade 1502 decreased by yuan (CNY) 400/tonne ($64/tonne) from 1 November to CNY17,100-17,600/tonne on 7 November, according to Chemease ,an ICIS service in ?xml:namespace>
Domestic prices for oil-extended grade 1712 decreased by CNY1,000-1,100/tonne to CNY14,400-15,000/tonne in the same period.
($1 = CNY6.25)
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