04 July 2013 04:20 [Source: ICIS news]
SINGAPORE (ICIS)--China’s YPC-GPRO Rubber Co (YGC) has been operating its new 100,000 tonne/year butadiene rubber (BR) unit at Nanjing in Jiangsu province at 50% capacity after its start-up on 1 June, a company source said on Thursday.
Just one of the two 50,000 tonne/year lines at the BR unit is being operated at full capacity while the other remains shut, the source explained.
The new BR unit came on stream on 1 June and its first batch of product – said to be around 67 tonnes – was sold to the spot market on 20 June, the source said.
Sinopec’s sales branch in east China is responsible for selling and distributing product from the new BR unit, according to the source.
The new BR unit start-up has had minimal impact on the spot market thus far, as domestic supply remains ample, a trader said.
YGC is a joint venture between Sinopec Yangzi Petrochemical who holds a 60% stake and Jiangsu GPRO Group with a 40% interest.
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