28 March 2013 03:45 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s JSR Corp has ramped up production at its 36,000 tonne/year ethylene-propylene-diene monomer (EPDM) plant in Kashima to 100% of capacity after restarting it on 21 March, a company source said.
The company halted production at the Kashima plant on 10-21 March to clear its stocks ahead of its new fiscal year which starts in April, a company source said.
The Japanese chemical producer will shut the EPDM plant again in late May until the end of June for annual maintenance as planned, the source added.
Prices of medium ethylidene norbornene (ENB) grade EPDM averaged at $3,050/tonne (€2,379/tonne) CIF (cost, freight and insurance) China on 27 March, compared with $3,300/tonne CIF China in early February, ICIS data showed.
EPDM prices have been falling, because of oversupply in the market and weak demand, industry sources said.
($1 = €0.78)
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