25 February 2010 03:31 [Source: ICIS news]
SINGAPORE (ICIS news)--Chinese domestic butadiene rubber (BR) prices jumped nearly yuan (CNY) 1,000/tonne ($146/tonne) this week, bolstered by strong crude and soaring natural rubber values, traders said.
Domestic BR prices surged to CNY 21,500-22,000/tonne ex-warehouse (EXWH) this week as crude topped $80/bbl (€59.2/bbl), while natural rubber surged to CNY 25,000/tonne, up CNY 2,000/tonne from week ending 12 February.
“Natural rubber futures have increased very strongly and this is driving up the synthetic rubber market,” a Chinese trader said.
Prior to the Lunar New Year holidays, domestic BR prices in ?xml:namespace>
($1 = CNY6.83 / $1 = €0.74)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections