It is reported that on August 5 insiders said the cuts caused by the regional production continued tight supply and rising raw material butadiene cost recovery trend in the double impact of the Asian styrene butadiene rubber (SBR) spot prices are expected to rise further.
Insiders said that traders are increasing inventory, which also stimulates the SBR vendors to deliver materials to improve the August offer.Market participants said the current August non-oil grade SBR1502 delivery of spot products offer has risen to $ 1700 -1750 U.S. dollars / ton (CFR Northeast Asia), than the previous offer up $ 100. According to ICIS data show that on July 31, the Asian non-oil grade SBR1502 prices over the previous week, up 50 U.S. dollars / ton, to an average of $ 1,575 / ton (CIF China).
Translated by Google Translator from http://market.cria.org.cn/25/15924.html
