26 September 2008 09:53 [Source: ICIS news]
SHANGHAI (ICIS news)--?xml:namespace>
“Domestic producers turn to export goods to
According to statistics from China Customs,
The main downstream end-users of SBR had high stocks of tyres and hence faced tighter capital, leading to low buying interest for SBR, sources said.
One large tyre maker in east
Domestic traded SBR prices were assessed at yuan (CNY) 19,200-20,400/tonne ($2,815-2,991/tonne) for non-oiled 1502 and CNY17,500-17,800/tonne for oil-extended 1712 EXWH (ex-warehouse) all regions, down CNY300-900/tonne and CNY300-600/tonne from last week respectively, according to
A sharp fall in butadiene (BD), butadiene rubber (BR) and natural rubber (NR) prices was behind the decline.
Asian SBR had slipped to around $3,200-3,300/tonne CFR Asia. October offers at $3,400-3,500/tonne CFR Asia had failed to interest buyers, given the weak demand.
Amy Tong and Helen Yan contributed to this article
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