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(ICIS) -- Styrene butadiene rubber (SBR)
prices may rise above $4,000/tonne (?2,920/tonne) in March - a record high - in
southeast Asia and India if demand continues to exceed supply, SBR producers
said on Wednesday.
March spot offers for non-oil grade 1502 SBR have increased to
$4,000-4,050/tonne CFR (cost & freight) in southeast Asia and India
following trade done at $3,900/tonne CFR in these countries. (please see graph
below)
The highest record for non-oil grade 1502 was in July 2008 when prices
hit $3,300/tonne CIF (cost, insurance & freight) in China, ICIS data
showed.
Natural rubber (NR) and synthetic rubber are used in the production of
tyres for the automotive industry and their prices tend to impact and move in
tandem with each other, SBR producers said.
mrcplast.com
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