05 February 2013 05:57 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shen Hua Chemical Industrial is planning to run its 180,000 tonne/year styrene butadiene rubber (SBR) plant at 100% capacity in February, not cutting to 90% as previously scheduled, a company source said on Tuesday.
Market players will be exiting the market as they go for Lunar New Year holiday on 9-15 February, but most players remain optimistic about the market outlook for February on the back of rising feedstock butadiene (BD) prices, according to industry sources.
Operating rate at the SBR plant in Nantong of Jiangsu province will be kept at full capacity and there is no plan to cut its rate, the source said.
Domestic non-oil 1502 SBR prices were at yuan (CNY) 16,700-17,300/tonne ($2,676-2,772/tonne) EXWH (ex-warehouse) in east China on 5 February, unchanged compared with the previous week, according to Chemease, an ICIS Service in China.
($1 = CNY6.24)
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