ICIS to launch price reporting service for NBR materials in Asia

Singapore - ICIS pricing, has launched a new weekly Acrylonitrile Butadiene Rubber (NBR) report, in response to demand for news and pricing information on NBR in the region.

The weekly NBR (Asia) report will offer spot CFR China, spot CFR South East Asia price assessments and spot CFR India (USD/MT). It will also feature vital insights and critical market commentary as well as operating and production news within the industry.

In a press release, ICIS said, "NBR's future is closely linked to China's increasing affluence and appetite for cars. Having overtaken Japan as the world's second-largest automotive market, Chinese car sales reached 5.7 million units in 2006 and are expected to double over the next seven years to more than 10.3 million units."

ICIS said, "Building on our knowledge of the feedstock acrylonitrile, butadiene and styrene markets, ICIS pricing is pleased to introduce the weekly Acrylonitrile Butadiene Rubber (NBR) report covering the Asia Pacific market. This latest addition consolidates ICIS pricing's benchmark position and provides additional price information and news in the Asian synthetic rubber market."

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Press release from ICIS