12 December 2012 01:32 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s JSR Corp will run its 36,000 tonne/year ethylene propylene diene monomer (EPDM) plant in Kashima, Japan, at 80-90% of capacity until February 2013 because of weak market conditions, a company source said on Wednesday.
“We have cut the operating rate by 10-20% in December and will run at this reduced rate of 80-90% of capacity until the Lunar New Year in February next year," the source added.
EPDM prices have been falling because of oversupply and weak demand, industry sources said.
In the week ended 5 December, medium ethylidene norbornene (ENB) grade EPDM prices were at $3,300-3,400/tonne (€2,541-2,618/tonne) CFR (cost and freight) southeast (SE) Asia, down by more than $100/tonne from the previous month, traders said.
($1 = €0.77)
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