03 July 2013 10:17 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Hangzhou Zhechen Rubber plans to restart its 100,000 tonne/year styrene butadiene rubber (SBR) plant in Hangzhou city in mid-July, a company source said on Wednesday.
The plant was shut on 27 June for nearly 20 days of regular maintenance, the source said.
Prior to the shutdown, the company was running its SBR unit at 50% of capacity because of weak demand, industry sources said.
The industry sources added they are in an opinion that the plant may not be restarted as planned given the weak market sentiment and there is no margin for SBR makers.
Non-oil grade SBR 1502 prices decreased by yuan (CNY) 700/tonne ($114/tonne) to CNY10,300-10,700/tonne and oil-extended grade SBR 1712 prices decreased by CNY500/tonne to CNY8,500-9,000/tonne on 3 July, compared with the previous day, according to Chemease, an ICIS service in China.
($1 = CNY 6.13)
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