Europe SBR March contracts drop double-digits, market faces steep drop in tyre demand as virus pandemic escalates

摘要

LONDON (ICIS)--European styrene butadiene rubber (SBR) market players are braced for a sharp demand drop as containment efforts amid the coronavirus (Covid-19) pandemic escalate. Contracts for March finished at modest double-digit decreases on the back of lower upstream costs. SBR players are anticipating further drops given the rapid price decline in the upstream styrene spot market mid-week.