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Chinas styrene butadiene rubber prices have hit historical highs

May 30/2011

(ICIS) -- Chinas styrene butadiene rubber (SBR) prices have hit historical highs and are expected to increase further by the middle of June because of tight supply and strong demand, industry sources said on Monday.


The prices of SBR non-oil grade 1502 surged by yuan (CNY) 1.300-1.500/tonne (USD 200-231/tonne) to CNY29.000-29.150/tonne EXWH (ex-warehouse) in east China on 27 May, according to data from Chemease, an ICIS service in China.


The prices of SBR oil-extended grade 1712 was up by CNY800-1.000/tonne to CNY24.700-25.000/tonne EXWH in east China in the last two weeks, the data showed.


The prices of the two grades of SBR soared by CNY4.300/tonne and CNY3.800/tonne respectively, compared with those published in the middle of March, according to Chemease.


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