(chemnet) --
China's Shen Hua Chemical Industrial shut its butadiene rubber plant in Nantong
on Wednesday for about a month, a source close to the company said Thursday.
High butadiene feedstock costs and poor domestic demand were among the
factors leading to the shutdown of the 72,000 mt/year BR plant.
A decision to shut the plant was made late December.
Several domestic tire producers have been operating their plants at reduced
rates, citing poor demand from overseas markets such as the US and Europe, and
as a result, tire and rubber inventories have increased, industry sources said.
Several BR rubber producers were operating their plants at about 60-70% of
capacity, a producer said.
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