Styrene butadiene rubber China Transcript
The styrene butadiene rubber (SBR) China weekly report covers non-oil SBR and oil-extended SBR.
The key prices quoted are Chinese yuan prices at warehouse East, North, South and North East China and the US dollar price cost insurance freight (CIF) China.
The report gives an excellent and comprehensive overview of the market. It covers the changes in market sentiment, changes in supply and demand and looks upstream to feedstocks and downstream to customer industries and products.
It is important for the report to look upstream because the price of SBR is largely driven by the price of butadiene.
The report also watches alternatives such as natural rubber which competes in tyres.
ICIS keeps closely in touch with major producers to obtain information about ex-works prices first hand.
The report also covers the changing of routine rates of plants, projects and shut downs. It captures information about the flows of import cargoes to China especially from Korea and Russia. These two countries account for around 50% of China’s SBR imports.