According to the National Oil and Chemical reports, industry insiders recently predicted that as China’s economic growth continued to slow, demand, spot prices in Asia in the second quarter SBR or continue to face downward pressure. In tire production, natural rubber can replace rubber, natural rubber stocks recently China is too large and the prices of raw materials butadiene styrene butadiene rubber market weakness will also have some impact.
According to ICIS, the last two weeks of non-oil-filled grade 1502 SBR prices stabilized at $ 1,750 ~ 1,800 / tonne (CIF, China). Market participants said, because China’s demand has decreased, the downstream tire manufacturers has remained low inventory. The abundant supply of natural rubber prices continue to decline, but also causing downward pressure on the SBR market. April 30, the Malaysian Rubber Exchange, SMR20 tire grade natural rubber prices dropped to $ 1,750 / ton (FOB, Malaysia), representing a decrease of 1 April $ 160 / ton. Analysis of the industry, SBR price trends may also be affected raw material butadiene price fluctuations.According to ICIS, 4 25, Asian butadiene prices fell to $ 1,250 ~ 1,300 / ton (CFR, Northeast Asia), a decrease of $ 100 / t from the previous week.
Translated by Google Translator from http://market.cria.org.cn/4/20656.html
