Due to tighter supply than expected, the price of SBR in India soared last week, breaking the $4,000/ton mark. It is expected that prices will remain strong in May. On April 20th, the price of non-oil-filled SBR1502 soared to 4000-4100 US dollars / ton (CFR, India).
"The price of styrene-butadiene rubber may remain strong in the second quarter due to tight supply," said a tire manufacturer in India. It is reported that the reason for the tight supply in the market is that many sets of equipment in the area have been shut down. In the Asian region, the SBR devices that will be overhauled from April to May include Taiwan Taiwan Rubber Corporation of China, Japan Zeon Corporation, Bridgestone Synthetic Rubber of Huizhou, Lanzhou Petrochemical, and Gaoqiao Petrochemical. At the same time, after the March 11 earthquake, many SBR factories in Japan closed down or cut production, causing shortage of styrene-butadiene rubber in Japan, which indirectly reduced the supply of India.
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