01 May 2013 07:24 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan Synthetic Rubber Corp (TSRC) may consider reducing the operating rate at its 100,000 tonne/year styrene butadiene rubber (SBR) plant from 90% to 80% capacity, if the current poor market conditions persist, a company source said.
“We may cut the operating rate to 80% capacity, if market conditions do not improve in May,” the source added.
SBR prices have been falling in recent weeks, because of weak demand and oversupply.
Non-oil grade 1502 SBR prices were at $2,000-2,050/tonne (€1,520-1,558/tonne) CIF (cost, freight & insurance) China on 24 April, down by $150/tonne since 27 March, ICIS data showed.
($1 = €0.76)
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