SINGAPORE (ICIS)--China’s Shen Hua Chemicals will run its 180,000 tonne/year styrene butadiene rubber (SBR) plant at a reduced rate of 70% capacity in August because of weak demand, a company source said on Tuesday.
“Demand is weak and we will run the SBR plant at a lower rate of 70% capacity in August,” the source added.
The SBR plant resumed production in mid-July after shutting down on 15 June for maintenance.
It was originally scheduled to restart on 10 July but the turnaround period was extended by a week due to the current weak market conditions.
Shen Hua Chemicals is located at Nantong Economic & Technological Development Zone at Nantong, Jiangsu province.
It is a joint venture among Polybus Pte Limited (a subsidiary of TSRC Corp), Marubeni Corp and Nantong Petro-Chemical Corp.