23 November 2012 06:42 [Source: ICIS news]
SINGAPORE (ICIS)--China's Shanghai Petrochemical has restarted its 50,000 tonne/year butadiene (BD) line in Shanghai on 22 November following the completion of a short turnaround, a company source said on Friday.
The line was shut down on 20-22 November, the source said, adding that the shutdown has led to a loss of 400-500 tonnes of BD in November.
The producer originally planned to take the line off on 13-17 November, but the shutdown was delayed because of some technical issues, according to the source.
Shanghai Petrochemical has a 70,000 tonne/year BD line at the same site which was shut down on 22 October and restarted on 8 November. The shutdown of this line led to a loss of about 3,500 tonnes of BD, according to a source close to the company.
Shanghai Petrochemical's BD price was at yuan (CNY) 13,000/tonne EXW (ex-works) ($2,083/tonne) on 23 November, according to Chemease, an ICIS service.
However, BD prices will drop in November in response to weak demand from the downstream butadiene rubber (BR) and styrene butadiene rubber (SBR) sectors, a separate trader said.
($1 = CNY6.24)
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