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(ICIS) -- China’s 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.
mrcplast.com
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