07 January 2014 06:44 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan Synthetic Rubber Corp (TSRC) will continue to run its 100,000 tonne/year styrene butadiene rubber (SBR) plant in Kaohsiung, Taiwan, at a reduced rate of 60-70% in January because of prevailing weak market conditions, a company source said on Tuesday.
“We were running at the reduced rate of 60-70% of capacity last month and will continue to run at this rate in January because of poor margins,” the source added.
Weak demand and ample supply have weighed on SBR prices, with the non-oil grade 1502 SBR prices remaining flat at $1,950/tonne (€1,424/tonne) CIF (cost, freight & insurance) China since 20 November 2013, ICIS data showed.
($1 = €0.73)
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