02 July 2013 10:06 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Baling Petrochemical is running its 60,000 tonne/year polybutadiene rubber (BR) plant at Yueyang in Hunan province at 50%, after restarting the unit in late June, a company source said on Tuesday.
"The plant has been shut since early May because of poor market condition," the source said.
Baling Petrochemical is a subsidiary of major Chinese producer Sinopec.
The company is not ramping up production soon as prices of synthetic rubbers continue to fall, the source said.
Domestic BR prices in China had decreased by yuan (CNY) 2,100-2,200/tonne ($342-358/tonne) to CNY10,700-11,500/tonne EXWH (ex-warehouse) on 1 July from two months ago, according to Chemease, an ICIS service in China.
($1 = CNY6.14)
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