China’s Shen Hua Chemical Industrial plans to shut its 70,000 mt/year butadiene-rubber plant at Nantong from next week for one month of maintenance, a company source said Tuesday.
The company also has a 180,000 mt/year styrene-butadiene-rubber plant, which it plans to shut from early July for around 3-4 weeks of maintenance, the source said. Synthetic rubber plants in China were currently operating at low rates due to high butadiene feedstock costs, market sources said. On Monday, CFR China butadiene was assessed at $1,780/mt, the highest level since April 2017, S&P Global Platts data showed.
-Fumiko Dobashi, [email protected]
