30 May 2013 04:00 [Source: ICIS news]
SINGAPORE (ICIS)--Korea Kumho Petrochemical Corp (KKPC) will continue to run its two butadiene rubber (BR) plants in Yeosu at 70% capacity in June, because of the weak market conditions, a company source said.
The South Korean producer has been running its BR plants at 70% capacity in May, the source added.
The smaller BR plant has a capacity of 120,000 tonnes/year, while the other BR plant has a capacity of 220,000 tonnes/year.
BR spot prices have dropped by 17% since early March to average at $2,175/tonne (€1,679/tonne) CFR (cost & freight) northeast (NE) Asia on 23 May, according to ICIS data.
On 7 March, BR prices averaged at $2,600/tonne CFR NE Asia, ICIS data showed.
($1 = €0.77)
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