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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections