China’s Sinopec Maoming shuts BR plant on technical issues

31 May 2013 04:25  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinopec Maoming shut its 100,000 tonne/year butadiene rubber (BR) plant in Guangdong province on 29 May, a company source said late on Thursday.

The BR plant will be shut for about one week because of "certain" technical issues, the source said.

The shutdown at the plant may have little impact to the market as the period is quite short, said a market player.

Furthermore, China’s BR market is weak with ample supply and soft downstream demand.

BR market prices were assessed at yuan (CNY) 12,600-13,700/tonne ($2,055-2,235/tonne) in east China on 29 May, down by CNY300-600/tonne compared with the previous week, according to Chemease, an ICIS service in China.

($1 = CNY6.13)

By: MK Liu

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