30 November 2012 10:30 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Ningbo Shunze Rubber is currently running its 50,000 tonnes/year nitrile rubber (NBR) plant in Zhejiang province at 90-100%, a company source said on Friday.
The plant has two lines with each with a capacity of 25,000 tonnes/year.
Run rates at the NBR plant were increased last weekend from 40-50% previously, the source said.
The plant was taken off line on 20 July for regular maintenance. The shutdown was extended up to mid-October as the company opted to keep the plant down because of weak demand, the source said.
Some synthetic rubber factories increased operating rates, mainly due to the low prices of feedstock butadiene.
State-owned Sinopec, which is the biggest BD supplier in China, has cut its BD offers to CNY11,800/tonne ($1,894/tonne) ex-tank on 30 November, down by about 28% or CNY4,500/tonne from 1 October, the source said.
Ningbo Shunze Rubber’s list prices were at CNY19,800-20,300/tonne DEL (delivered) on 30 November.
($1 = CNY6.23)
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