Asian butadiene rubber prices face downward pressure on August

According to reports, market sources said, and Asia in August butadiene rubber (BR) spot prices under downward pressure, because the raw material butadiene (BD) in a short period of one month, up 30 percent may be moving lower. Butadiene rubber manufacturer is currently seeking ship in August set the price of 3,100-3,200 U.S. dollars / ton (about 2,542-2,624 euros / tonne) CFR Asia, up $ 200 / t compared with the average in July, mainly because of butadiene raw materials prices have rocketed, but will be subject to the resolute resistance of the buyers.

One dealer said, “raw materials butadiene prices have peaked up to $ 2,500 / tonne CFR northeast Asia in early August could fall to 2,300-2,400 U.S. dollars / ton CFR Northeast Asia, may inhibit the butadiene rubber prices.” As the market is expected to butadiene prices will be lower downstream tire manufacturers insist on August butadiene rubber prices will lower, or maintain the July contract price of U.S. $ 2,900-3,000 / tonne CFR Asia, market sources said.

Source: Social business

Translated by Google Translator from http://news.cria.org.cn/4/9734.html

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