China’s YPC-GPRO shuts Nanjing BR plant on firm feedstock costs

18 September 2013 08:14  [Source: ICIS news]

SINGAPORE (ICIS)--China’s YPC-GPRO Rubber Co (YGC) has shut its 100,000 tonne/year butadiene rubber (BR) unit at Jiangsu province in China on 14 September because of higher feedstock butadiene (BD) costs, a company source said on Wednesday.

The BR unit, located in Nanjing at Jiangsu province, has two 50,000 tonne/year lines, the source, said without providing the exact date for the restart.

On 17 September, domestic BD prices in China was at yuan (CNY) 10,900-11,500/tonne ($1,781-1,879/tonne) EXWH (ex-warehouse), up by CNY2,200-2,400/tonne month on month, according to Chemease, an ICIS service in China.

Sinopec Yangzi Petrochemical owns 60% of YGC, while Jiangsu GPRO Group holds the remaining 40%.

($1 = CNY6.12)

By: MK Liu

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