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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections