China’s Baling Petrochemical runs 60,000 tonne/yr BR plant at 50%

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)

By: MK Liu

AddThis Social Bookmark Button

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.

Printer Friendly