09 January 2013 02:25 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s JSR Corp increased the operating rate of its 36,000 tonne/year ethylene propylene diene monomer (EPDM) plant in Kashima, Japan, by 10-20 percentage points to 100% of capacity in January, a company source said.
The Kashima plant was running at a reduced rate of 80-90% of capacity in December because of poor market conditions.
“We are increasing our operating rates because we are building up inventories to prepare for our annual turnaorund in May,” the source added.
The Kashima plant will be shut for one month for annual maintenance until the end of June, the source said.
Meanwhile, EPDM prices have been falling because of oversupply and weak demand, industry sources said.
In the week ended 2 January, medium ethylidene norbornene (ENB) grade EPDM prices were at $2,950-3,200/tonne (€2,242-2,432/tonne) CFR (cost & freight) India, down by more than $100/tonne from the previous month, according to ICIS data.
($1 = €0.76)
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