25 March 2013 02:29 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Hangzhou Zhechen Rubber has been operating its 100,000 tonne/year styrene butadiene rubber (SBR) plant at Hangzhou in Zhejiang province at 50% capacity since 20 March, a company source said late on Friday.
The producer capped the SBR plant’s run rates at 50% capacity because of technical issues, the source added.
The plant is currently producing only the oil-extended 1712 grade SBR at the site, the source said.
Domestic prices for non-oil grade SBR 1502 were assessed at yuan (CNY) 14,900-15,400/tonne ($2,399-2,480/tonne) on 21 March, down by about CNY500/tonne from a week ago, according to data from Chemease, an ICIS service in China.
Domestic prices for oil-extended 1712 grade SBR fell by CNY600/tonne to CNY13,500-14,100/tonne over the same period, Chemease data showed.
Hangzhou Zhechen Rubber is a privately owned SBR company in China.
($1 = CNY6.21)
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