The hottest SBR Market in Southeast Asia is strong

SBR Southeast Asia market performed vigorously, and Northeast Asia market rose sharply

Northeast Asia: this week, styrene butadiene rubber nano friction and wear testing machine glue (SBR) manufacturers in this region raised the spot quotation of non oil filled 1502 cargo in April to 1550 US dollars/ton (CFR China's main port), because the price of its raw material butanediene rose US dollars/ton. In the first quarter of this year, the spot price of butadiene in April reached US dollars/ton (CFR China's main port). The continuous rise in natural rubber prices also supported SBR prices as tire manufacturers turned their attention to SBR. It is expected that the price of natural rubber will remain at 2000 US dollars/ton (FOB Asia) in the next few months of this year

the spot trading price of imported non oil filled 1502sbr rose US $to US $per ton (CFR China's main port), mainly boosted by the sharp rise in domestic SBR prices in China. This week, the domestic SBR price in China increased by 500 yuan to yuan/ton (delivery price)

the high and low temperature experimental machine has a great improvement in this function. The spot price of 1712sbr also increased by yuan to yuan/ton (delivery price), which is strongly supported by the price of natural rubber. At present, the price of natural rubber in China remains firm at 20700 yuan/ton (delivery price)

the spot price of imported oil filled 1712sbr cargo is about 1300 US dollars/ton (CFR China's main port), but the transactions reached at this price are limited, because the quotation of low-cost deepwater cargo from Europe and the United States is below 1250 US dollars/ton (CFR China's main port). However, it was reported that the trading price of Korean cargo was 1280 US dollars/ton (CFR China's main port)

a Korean manufacturer determined that the contract price of non oil filled 1502sbr in the second quarter was US dollars/ton (CFR Northeast Asia), which was increased by US dollars/ton compared with the contract price in the first quarter. The contract price of oil filled 1712sbr in the second quarter also increased by US dollars to US dollars per ton (CFR Northeast Asia) compared with the first quarter

Southeast Asia: the SBR Market in this region performed vigorously this week, boosted by the high prices of upstream crude oil, butadiene and benzene monomers

the spot quotation of non oil filled 1502sbr cargo in South Korea is 1550 US dollars/ton (CFR Southeast Asia); The spot price of oil filled 1712sbr cargo hovered around 1350 US dollars/ton (CFR Southeast Asia). A Korean manufacturer determined that the contract price of non oil filled 1502sbr in the second quarter was US dollars/ton (CFR Vietnam), which was higher than that in the first quarter. The contract price of oil filled 1712sbr in the second quarter was US dollars/ton (CFR Vietnam)

India: this week, the spot price of Asian non oil filled 1502sbr cargo in this region was US dollars/ton (CFR India), but it still did not attract buyers' interest. The buyer's purchase intention price is less than 1500 US dollars/ton (CFR India)

the wide price difference between the purchase and sales intention between the buyer and the seller suppressed the spot transaction. Some Asian SBR producers attributed the weak purchase interest in the Indian market to high tanker freight rates and low purchase intention prices

abundant deep-water cargo supplies from Europe and Brazil have been shipped to India, depressing the market price of SBR in Asia, and causing Asian SBR manufacturers to face strong competitive pressure. The spot quotation of deepwater 1502sbr cargo is US $per ton lower than that of Asian cargo. The quotation of deepwater cargo is USD/ton (CFR India), while the spot quotation of oil filled 1712sbr cargo is about USD/ton (CFR India)

due to the fierce competition from deepwater cargo suppliers, some Asian SBR manufacturers have withdrawn from the Indian market and turned their attention to other more profitable markets in Asia

affected by the low-cost cargo supply from Russia and Iran, buyers still strongly resist the contract price of non oil filled 1502sbr cargo in US dollars/ton (CFR India) in the second quarter

the contract price of non oil filled 1502sbr of an Indian tire manufacturer in the second quarter was US dollars/ton (CFR India). The second quarter contract price of 1712sbr, a downstream tire manufacturer, is US dollars/ton (CFR India)

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