29 August 2013 04:45 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Huamao New Materials plans to restart its 100,000 tonne/year butadiene rubber (BR) plant in Shandong province in early September, a source close to the company said on Thursday.
The plant, which produced BR 9000 category, was taken off line in early June for maintenance, the source said without elaborating with further details.
The plant restart, however, is unlikely to have a significant impact on the local market given its small capacity, according to one market source.
BR prices were assessed at yuan (CNY) 11,400-12,200/tonne ($1,863-1,993/tonne) EXWH (ex-warehouse) east China on 28 August, up by CNY400-700/tonne from 1 August on the back of higher feedstock butadiene (BD) prices, although downstream demand is weak, according to Chemease, an ICIS service in China.
($1 = CNY6.12)
Additional reporting by Miki Jiang
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