Korean Hyundai to shut SBR BR plants on weak economics

摘要

South Korea's Hyundai Petrochemical plans to shut its synthetic rubber plants between April and May due to weak production economics, sources close to the company said Apr 17. Hyundai's decision was based on firmer feedstock costs, the source said, adding that SBR and BR prices are not able to absorb recent price spikes in down-stream butadiene and styreene markets.