SINGAPORE (ICIS)--China’s Ningbo Shunze Rubber plans to continue running its 50,000 tonne/year acrylonitrile butadiene rubber (NBR) plant at reduced rates of 40-45% this month because of weak market conditions and poor margins, market sources said on Thursday.
The plant located at Zhejiang in eastern China has been operating at around 50% of capacity since April, the source said.
On 10 July, Chinese domestic NBR prices were stable at yuan (CNY) 15,200-22,000/tonne ($2,452-3,548/tonne) EXWH in east China, according to Chemease, an ICIS service in China.
($1 = CNY6.20)
Additional reporting by Alex Feng