17 July 2013 04:28 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Zhechen Rubber has delayed the restart of its 100,000 tonne/year styrene butadiene rubber (SBR) plant at Hangzhou in Zhejiang province to August, a company source said on Wednesday.
However, the producer has not set an exact date for the SBR plant, the source added.
The plant, which was shut for maintenance in late June, was initially scheduled to resume production on 20 July as based on a revised date.
However, maintenance work for the SBR plant has not completed on time, because of the hot weather conditions, the source said.
The source added that the weak demand and ample supply in the domestic market have also played a part in the postponement of the SBR plant’s restart.
Chinese SBR prices have declined, because of an oversupply in the market. Non-oil grade SBR 1502 prices were assessed at yuan (CNY) 10,500-11,000/tonne ($1,707-1,789/tonne) EXWH (ex-warehouse) in east China on 16 July, a CNY2,100-2,500/tonne decrease from early June, ICIS data showed.
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