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Tuesday, May 24, 2022

EPDM Market Daily Report: Dec 24, 2013

1. EPDM Close Price in Domestic Market

Manufacturer

Grade

EXW Price (RMB/mt)

Market Offer (RMB/mt)

Jilin PC

4045

23000

23500

2070

20900

21000-21500

Manufacturer

Grade

USD Offer ($/mt; CFR CMP)

Market Offer (RMB/mt)

Mitsui

3062EM

21000

4045M

21000-21500

Lanxess

4869

2900

9650

22000

Exxon Mobil

3666

2850

23000

5601

22000-22500

DOW

4640

2550

22000

5565

22500

LION

694

2900

567

23000-24000

SK

512F

2500

20500-21000

5890F

21500-22000

Kumho

330

2600

21500

350

21500

Remarks: All RMB offers mentioned here include 17% VAT for self-delivery.

2. Domestic EPDM Market Report

China ethylene-propylene-diene monomer (EPDM) market was still stable today: market offers were steady and partial offers even ticked up supported by not ample resources. China manufacturers ran their units stably producing 3080; ex-works prices were unchanged. For imported rubber, agents maintained inventory at a low level. Although partial cargos are arriving, partial product supply is tight. China EPDM market is likely to go upward for a short term.

Currently, market prices prevailed at RMB 21,000-22,500/mt with those for unqualified products at RMB 19,000/mt.

3. Forecast

On the whole, market supplies are somewhat tight and demand is steady and insipid. SCI estimates that possible adjustments exist for a short term.

 

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