20 March 2013 02:29 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan Synthetic Rubber Corp (TSRC) may reduce the operating rate of its 60,000 tonne/year butadiene rubber (BR) plant in Kaohsiung, Taiwan, to 80% of capacity in April unless market conditions improve, a company source said.
The plant is running at 100% of capacity in March, the source added.
“We will certainly consider reducing the operating rate by 10-20% if conditions do not improve,” the source said.
BR prices have been under great pressure to fall because of the plunging feedstock BD price and weak automotive market.
BR is used in the production of tyres for the automotive industry.
BR prices were at $2,400-2,500/tonne (€1,872-1,950/tonne) CFR (cost & freight) NE (northeast) Asia on 14 March, down $150/tonne from the previous week.
($1 = €0.78)
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