- China's Zhejiang Transfar closes its
rubber plant- Malaysia and Japan issue two tendersAsian butadiene prices dropped
$20-30/mt on March 16, as crude oil futures fell and China's supplies are
rising. The May ICE
Brent crude oil futures contract fell $4.03/barrel on the day to $74.48/b March
16. Chinese domestic butadiene prices fell
Yuan 500/mt per day to Yuan 8,700/mt February 16, $1,091/mt based on
import-parity, their lowest level since Jan. 17. China's butadiene supply is expected to rise following the
emergency shut down of a downstream rubber plant. After a March 10th fire, China's Zhejiang Transfar closed
its Zhejiang synthetic rubber plant. Zhejiang
has a 150,000-mt/year butadiene rubber plant. The date of the plant's restart was not known. According to a market source, China's butadiene stock
dropped by about 1,000 mt each week to 26,000-27,000 mgmt. According...