Asian styrene-butadiene rubber or extend gains with butadiene and natural rubber

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According to reports, industry sources said, the Asian styrene- (SBR) prices rebound, rising raw material (BD) and , styrene in in the short term may continue to sustain gains. However, because of adequate market supply and demand is not strong strength, it is expected that the rally will be more moderate. May 8 non-oil grade 1502 SBR prices of $ 2,050-2,100 / tonne ($ 1,579-1,617 euros / tonne) CIF China, last week increased by an average of 50 U.S. dollars / ton, according to ICIS. Prices this week, since the beginning of March, styrene- rubber prices in Asia fell by about 20%, as sellers cut prices to clear excess inventory.

Because butadiene and natural rubber prices rebound, driven styrene-butadiene rubber prices rose styrene-butadiene rubber prices will not, however, a sharp rise in prices, because some inventory waiting for the shipment, a Chinese rubber sellers. Raw material butadiene, is the third consecutive week of gains, May 3 price of $ 1,450-1,520 / tonne CFR Northeast Asia, up 12% compared to April 12. At the same time, the price of tire-grade natural rubber SMR 20 ng upward trend, May 3 to May 8 rose to 110 U.S. dollars / ton to $ 2,540 / ton.

Translated by from http://market.cria.org.cn/25/14438.html

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