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…

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