08 March 2013 09:58 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec Maoming Company is running its new 100,000 tonne/year butadiene rubber (BR) plant in Guangdong province at 40% of capacity during its test phase, a company source said on Friday.
The BR plant was started up around 23 February and it has been running smoothly without any problems, the source added.
The company will ramp up production to full capacity gradually.
BR cargoes from Maoming will be sold in the market by Sinopec East China and Sinopec South China branches in April.
China’s BR market is weak now with amply supply and soft downstream demand.
BR market prices are assessed at (CNY) 16,900-17,600/tonne ($2,717-2,830/tonne) in east China on 8 March, down by CNY200/tonne compared with last week, according to Chemease, an ICIS Service in China.
($1 = CNY6.22)
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