19 July 2013 04:04 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s JSR Corp may consider reducing the operating rate at its 40,000 tonne/year acrylonitrile butadiene rubber (NBR) plant in Yokkaichi to 80-90% if market conditions fail to improve, a company source said on Friday.
“We are now running at 100% capacity, but if demand remains weak and our stocks levels remain high, we will consider cutting our operating ratio,” the source said.
NBR prices have been declining in recent months because of oversupply and weak demand.
On 18 July, spot NBR prices averaged $1,900/tonne (€1,444/tonne) CIF (cost, freight, insurance) China, down by $375/tonne from the previous month, ICIS data showed.
($1 = €0.76)
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