04 July 2013 06:43 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shen Hua Chemical Industrial will run its 180,000 tonne/year styrene butadiene rubber (SBR) plant at reduced capacity from this month onwards, until the unit's scheduled maintenance in October, a company source said on Thursday.
“The market conditions are weak, so we will run at this reduced rate of 60-70% capacity until we shut the plant for three weeks for maintenance in October,” the source said.
In June, the plant at Nantong in Jiangsu province was running at around 90% of capacity.
Prices of non-oil grade SBR 1502 fell to $1,700-1,750/tonne (€1,309-1,348/tonne) CIF (cost, insurance and freight) China on 3 July, down by $300/tonne since 12 June, according to ICIS data.
($1 = €0.77)
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