Asia SBR may face more downward pressure on likely ease in NR supply

摘要

SINGAPORE (ICIS)--Asia styrene butadiene rubber (SBR) prices may face more downward pressure in the coming weeks as buyers hold back their SBR purchases because they expect an ease in natural rubber (NR) supply and lower NR prices, market sources said. NR is a rival product and substitute for SBR and their prices tend to impact on each other, market sources said. “We will only start to buy SBR when more NR supply comes into the market in the coming weeks, and NR prices start to fall, as this will give us leverage in the SBR negotiations,” a buyer said.