19 June 2013 07:26 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s JSR Corp has ramped up the operating rate of its 36,000 tonne/year ethylene-propylene-diene monomer (EPDM) plant in Kashima to 100% after restarting on 14 June following a turnaround, a company source said.
“The plant was shut on 21 May for a scheduled turnaround and is now running at 100% capacity after restarting earlier this week,” the source added.
Spot prices of medium ethylidene norbornene (ENB) grade EPDM averaged $2,850/tonne (€2,138/tonne) CIF (cost, freight & insurance) China on 12 June, down by $150/tonne since 22 May, ICIS data showed.
EPDM prices have been under downward pressure because of oversupply and weak demand, industry sources said.
($1 = €0.75)
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