Reliance notes price volatility, elastomer expansions

Mumbai, India – Reliance Industries Limited (RIL) has reported has reported both progress and volatility for its elastomers business segment during the first half of its financial year to 30 Sept.

Butadiene prices were particularly volatile, though remaining at low levels – $1300-1500/tonne – as new capacities came online and demand reduced from synthetic rubber and ABS sectors in Asia.

Volatility was primarily on account of shutdowns, which tightened supplies at certain times, said RIL. Prices, it noted, were also driven down by a negative trend in…

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