25 July 2013 03:23 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan Synthetic Rubber Corp (TSRC) may continue to run its 100,000 tonne/year styrene butadiene rubber (SBR) plant at a reduced rate of 80-90% capacity in August if market conditions do not improve, a company source said.
“Market conditions are difficult and if demand does not pick up, we will continue to run at a reduced rate in August,” the source added.
The SBR plant at Kaohsiung in Taiwan is currently running at 80-90% capacity in July, according to the source.
Oversupply and weak demand have plagued the SBR market, with prices declining since early March this year.
Non-oil grade 1502 SBR prices averaged $1,525/tonne (€1,159/tonne) CIF (cost, freight & insurance) China on 24 July, down by about 40% since early March when prices averaged $2,475/tonne CIF China, ICIS data showed.
($1 = €0.76)
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