Butadiene decline hits Kumho Petrochemical’s SR business

Seoul – Kumho Petrochemical’s synthetic rubber (SR) sales dropped 2.5% year-on-year to KRW2.0 trillion (€1.5 billion) in 2018, the company announced 1 Feb.

The statement did not include operating income figures for SR but said profitability had “diminished” during last  year.

Kumho Petrochemical also noted “plummeting sales prices” in November ,due to a decline in butadiene (BD) prices.

Indeed, the company said Asian BD prices fell throughout the fourth quarter on slowing demand downstream.

Prices for the monomer, it said, fell 29% quarter-on-quarter to around $1,140/tonne by the end…

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