SINGAPORE (ICIS)--South Korea’s LG Chem is running its 180,000 tonne/year polybutadiene rubber (PBR) plant in Daesan at full rate in October and November, a source close to the company said on Thursday.
However, it is has limited spot availability due to contractual commitments.
“We have very limited spot availability as we have contractual obligations and contract customers’ demand to meet,” the source added.
High-cis PBR spot offers were revised up this week to $1,950-2,000/tonne CFR (cost and freight) northeast (NE) Asia because of soaring feedstock butadiene (BD) costs.
Feedstock BD costs had spiked by more than 50% since early August to $1,500/tonne CFR NE Asia, ICIS data showed.
High-cis PBR prices were assessed at $1,650-1,750/tonne CFR NE Asia on 6 October, ICIS data showed.