China SBR prices under pressure on oversupply, weak demand

ERJ staff report (BC)

Singapore – Chinese styrene-butadiene-rubber (SBR) prices, on a downtrend since last month, are likely to remain under pressure as a result of oversupply and poor demand from downstream tire makers, Sunny Pan of ICIS reports industry sources as having said on 18 March.

SBR prices fell by yuan (CNY) 1 800-1 900/tonne ($290-306/tonne) to CNY15,400-16,000/tonne for non-oil grade SBR 1502 (ex-works east China) on 14 March from 19 February, according to data from Chemease, an ICIS service in China.

Similarly, in the same period…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with