China’s Ningbo Shunze Rubber to keep NBR plant run rate at 40-45%

10 July 2014 09:34 Source:ICIS News

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

By Helen Yan