18 April 2012 07:37 [Source: ICIS news]
“We will run the SBR plant at this lower rate of about 80% for the whole of the second quarter as we do not expect demand to improve until the third quarter,” the source added.
SBR prices have been under pressure to weaken because of poor market sentiment and falling demand.
SBR is a major feedstock for the production of tyres for the automotive industry, and Chinese tyre factories have cut their operating rates because of waning demand in their major markets, Europe and the
For the week ended 11 April, non-oil grade SBR 1502 prices were at $3,400-3,450/tonne (€2,584-2,622/tonne) CIF (cost, insurance & freight)
($1 = €0.76)
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