21 November 2012 10:03 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Fushun Petrochemical’s new 200,000 tonne/year styrene butadiene rubber (SBR) plant is running at a low operating rate, industry sources said on Wednesday.
Fushun Petrochemical’s SBR plant started to produce on-spec non-oil grade SBR 1502 and non-oil grade SBR 1500E in end-October. However, sources added that the operating rate of the SBR plant is very low because of a lack of major feedstock butadiene (BD) as its upstream ethylene cracker is running at a low rate.
The new SBR plant started trial runs in May 2012, producing only non-oil grade SBR 1500E. According to market sources, the company produced a total of around 10,000 tonnes of non-oil grade SBR 1500E before end-October. However, the products did not achieve on-spec.
There is very limited availability of non-oil grade SBR 1502 from Fushun Petrochemical to the market, according to market sources.
Offers from PetroChina for Fushun Petrochemical’s SBR were at yuan (CNY) 16,400-16,500/tonne ($2,628-2,644/tonne) for both non-oil grade SBR 1502 and 1500E on 21 November.
($1 = CNY6.24)
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