Sinopec News Network market sources said on Tuesday that stimulated by the strong growth in China's domestic market, Asian styrene butadiene rubber (SBR) prices are expected to rise further, as some major manufacturers have already raised their quotations. This upward trend may continue into the fourth quarter.
According to ICIS, the current Asian SBR non-filled oil level 1502 spot price has risen to 2250 US dollars -2300 US dollars / ton (CFR Asia), compared to the previous offer raised 50 US dollars -100 US dollars / ton. Since the beginning of August, the Asian SBR non-filled oil level 1502 has risen by about US$200/tonne.
According to a major SBR producer in Asia, the current situation is that volume and price rise.
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