|
(ICIS) -- Styrene butadiene rubber (SBR)
prices in Asia ended a three-month slump on restocking activities by
traders/end-users, and backed by rising values of feedstock butadiene (BD),
industry sources said on Thursday.
Average spot prices of non-oil grade 1502 SBR rebounded $50/tonne week on
week to $2,725/tonne (?2,017/tonne) CIF (cost and freight) China on 23 November,
after shedding 45% since early August, ICIS data showed.
The Lunar New Year, which falls on 23 January 2012, is celebrated across
Asia. Traders and downstream tyre makers are looking to book January deliveries
ahead of the festive season. A rebound in BD prices also led to expectations
that SBR values will increase further, market sources said.
Perspectives of development of the polymers markets, pricing issues and
other important aspects will be discussed at The Polymers
Summit-2011, which will be held in Moscow on November 30, 2011 at the
Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea
of the Summit is to find a "the golden mean" between producers and converters.
When producers receive exactly such margin of production, which helps them to
invest in production expansion in order to substitute polymers imports, and the
converters receive such price of feedstock that helps them to compete imported
finished products. The Summit site gives an access to the live video of the
Summit, speakers" presentations, as well as opportunities to ask questions or
make appointments to any Summit partcipant.
mrcplast.com
|
