14 December 2012 05:12 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Kumho Petrochemical Co (KKPC) has further cut the operating rate of its 330,000 tonne/year butadiene rubber (BR) plant at Yeosu to around 50% of capacity because of weak market conditions, a company source said on Friday.
It was operating at 70-75% of capacity in November, the source added.
BR prices have shed about 15% since October, depressed by falling feedstock butadiene (BD) prices, ample supply and weak demand, industry sources said.
BR prices in Asia averaged $2,375/tonne (€1,805/tonne) this week, compared with the average of $2,750/tonne CFR NE Asia in October, ICIS data showed.
($1 = €0.76)
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