24 April 2013 04:14 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan Synthetic Rubber Corp (TSRC) resumed production at its 100,000 tonne/year styrene butadiene rubber (SBR) plant at Kaohsiung in Taiwan on 22 April after completing its scheduled maintenance, a company source said on Wednesday.
The plant was shut in early April for 20 days to conduct maintenance, the source said.
Several SBR producers have either reduced their plant operating rates or shut down their plants for maintenance because of poor market conditions, industry sources said.
SBR prices have been falling in recent weeks, because of weak demand and oversupply.
Non-oil grade 1502 SBR prices were at $2,050-2,100/tonne (€1,578-1,617/tonne) CIF (cost, freight & insurance) China on 17 April, down by $200/tonne since 20 March, ICIS data showed.
($1 = €0.77)
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