29 June 2012 11:08 [Source: ICIS news]
Regional SBR prices have risen by yuan (CNY) 900-1,500/tonne ($142-236/tonne) from the end of May to CNY19,500-20,300/tonne for non-oil grade 1502, and by CNY2,100-2,200/tonne to CNY17,000-17,200/tonne for oil-extended grade 1712 over the same period, according to Chemease, an ICIS service in
Local major BD producers in
From late February, BD offers fell by around 50% from CNY27,500-30,200/tonne to CNY15,000-15,500/tonne ex-tank in early June, according to Chemease data.
"Limited supply also supported the SBR market," said a local trader.
Meanwhile, several SBR producers will shut their plants in the next few months.
Players have mixed outlooks for the SBR market. A numbers of traders have turned bullish and are pushing prices up.
“Increasing feedstocks and limited supply should spur the market for SBR in the near term,” said a trader.
Some buying interest has emerged. Others, however, expect further volatility in the market, given the ongoing debt woes in the eurozone and weak natural rubber (NR) demand and prices. Some players have adopted a wait-and-see stance because of the weak performance in the downstream sectors.
($1 = CNY6.36)--
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