14 June 2013 03:50 [Source: ICIS news]
SINGAPORE (ICIS) – Japan’s Sumitomo Chemicals may consider cutting the operating rate of its 40,000 tonne/year ethylene propylene diene monomer (EPDM) plant in Chiba prefecture to around 90% of capacity if market conditions do not improve in July, a company source said on Friday.
EPDM prices for the medium ENB (ethylidene norbornene) grade fell to $2,850-2,950/tonne (€2,138-2,213/tonne) CFR (cost and freight) southeast (SE) Asia on 12 June, down by $50/tonne from the previous week, according to ICIS data.
Sumitomo’s EPDM plant in Sodegaura city is running at full capacity this month. The unit is scheduled to shut in September for a month-long maintenance.
($1 = €0.75)
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