China’s Zhejiang Transfar runs BR plant at 40% amid weak market

19 June 2014 08:38 Source:ICIS News

SINGAPORE(ICIS)--China’s Zhejiang Transfar Synthetic Material Co is operating its 100,000 tonne/year butadiene rubber (BR) plant in Zhejiang province at around 40% because of weak market conditions, market sources said on Thursday.

The BR plant was restarted on 13 June after it was taken off line on 1 April, the sources added.

The BR plant was running at 50% before the shutdown, the sources said.

Abundant supply and weak macroeconomic conditions have curbed demand for BR, which prompted several BR producers in China to shut down their plants, the sources added.

By Elaine Ma