26 June 2013 09:10 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shen Hua Chemical Industrial is planning to further reduce production at its 180,000 tonne/year styrene butadiene rubber (SBR) plant at Nantong in Jiangsu province next month on poor market conditions, and industry source said on Wednesday.
The plant’s run rate would be trimmed to about 60% of capacity from 90% currently, the source said.
The unit has three lines – two producing oil-extended SBR 1712, and one line producing non-oil SBR 1502.
Prices of non-oil grade SBR 1502 were assessed at uan (CNY) 11,300-11,900/tonne 1,837-1,935/tonne), down by CNY5,900/tonne from six month ago, according to Chemease, and ICIS service in China.
Prices of oil-extended SBR 1712 were at CNY9,100-9,900/tonne on 25 June, down by CNY6,000-6,200/tonne over the same period.
($1 = CNY6.15)
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