Asia SBR may fall on oversupply, falling BD, NR prices

摘要

Styrene butadiene rubber (SBR) prices in Asia may still have room to fall because of abundant supply, stagnant demand amid weakening natural rubber (NR) and feedstock butadiene (BD) markets, industry sources said. Major regional producers are keeping their offers for non-oil grade 1502 SBR firm at $1,200/tonne CFR (cost and freight) southeast (SE) Asia for December spot shipments, citing limited spot availability. But spot offers for deep-sea SBR 1502 cargoes from Russia and Iran were heard available at $1,000-1,050/tonne CIF (cost, freight and insurance) China, which may prompt Chinese traders to offload these cargoes at competitive rates in southeast Asia, market sources said.