06 December 2012 08:21 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Tianjin Lugang Petroleum Rubber has raised its 100,000 tonne/year styrene butadiene rubber (SBR) plant's operating rate to 100% from 50% earlier this month on lower feedstock butadiene (BD) cost, a company source said on Thursday.
Domestic BD prices in China decreased by yuan (CNY) 3,550-3,650/tonne ($570-586/tonne) to CNY11,350-11,450/tonne ($1,820-1,839/tonne) ex-warehouse (EXWH) on 5 December from 1 November, according to Chemease, an ICIS service in China.
The plant in Tianjin, which consists of two 50,000 tonne/year lines, produces non-oil grade 1502, non-oil grade 1500 and oil-extended grade 1712, the source added.
Tianjin Lugang Petroleum Rubber is a privately owned rubber producer based in Tianjin, northern China.
($1 = CNY6.23)
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