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Reliance notes sharp falls in rubber prices

Mumbai, India – Reliance Industries Limited (RIL) has reported significant falls in prices for its synthetic rubber materials in the quarter ended 30 June.

Prices for polybutadiene rubber (PBR) and styrene butadiene rubber (SBR) prices dropped by 36% and 30% respectively compared to the previous three months, RIL said in a 20 July interim statement.

The Indian group linked the declines in the first quarter of its fiscal 2018 to a drop in natural rubber price and butadiene feedstock prices

“On a Q-o-Q basis, butadiene prices decreased by…

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