19 June 2013 07:49 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Fushun Petrochemical, a PetroChina subsidiary, is planning to delay the restart of its 200,000 tonne/year styrene butadiene rubber (SBR) plant at Fushun in Liaoning province to early July, a company source said on Wednesday.
The plant was shut for maintenance in mid-May, along with the producer’s 150,000 tonne/year and 800,000 tonne/year naphtha crackers at the same site, the source said.
The plant was originally scheduled to be restarted on 20 June, the source said without specifying the reason for the delay.
The delayed plant restart may help to support SBR prices amid the current poor market conditions, a market participant said.
The prices of non-oil grade 1502 SBR were assessed at yuan (CNY) 12,100-12,600/tonne ($1,974-2,055/tonne) ex-tank in east China on 18 June, down by CNY1,800-2,400/tonne from prices a month earlier, according to data from Chemease, an ICIS service in China.
($1 = CNY6.13)
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