Hujiao substantial tumbled reason, synthetic rubber, natural rubber plunge triggered linkage weaker.
This year, the styrene-butadiene rubber market the shock down 11 months has fallen to lows for the year. November 20 Japan-China Petrochemical cut prices of 200 to 500 yuan / ton, Qilu Song balsam 1502 offer for 16,700 yuan, Younkin 1712 quoted at 14,800 yuan, compared with the price of 30,000 yuan for the same period of last year, a drop of more than million.Oversupply and other negative factors, the market outlook, there is room for further decline. Reason, the main demand of the downstream tire industry downturn, coupled with the sale of the combined effects of negative factors such as the off-season, funds tight supply and demand in an unbalanced state, has maintained a low styrene butadiene rubber market is difficult to boost demand for raw materials.
Sufficient supply side of the market, the current market downturn. Early parking Lan, Shen Hua, Zhejiang morning, Miss Hong Kong styrene butadiene rubber device to restart production, to supplement the supply of new stock, sales company and the stocks are at a high. Even styrene butadiene rubber prices fell relatively low, but the stimulating effect on the downstream plant, bulk purchase of behavior is difficult to occur.
Styrene butadiene rubber outer disk market has also ushered in a wave of price decline in the market. To hold the European styrene butadiene rubber supply the suppliers and traders, trying to adopt a competitive price, excess inventory sold to Southeast Asia. Therefore, the low-cost the European cargo suppress the domestic market. The drop in prices of raw materials butadiene styrene butadiene rubber prices also dragged. Feedstock butadiene has fallen by about $ 200 since 10 early. The seller actively shipping to avoid market risk, uncertain market prospects continue to dampen buying sentiment, the downstream tire manufacturer to take a cautious wait-and-see attitude.
In short, in the context of other negative factors, the over-supply of synthetic rubber prices fell, driven by natural rubber linkage weaker.
Translated by Google Translator from http://market.cria.org.cn/25/11552.html