Polybutadiene rubber or Asia will continue to decline in value

Insiders said recently, due to weak demand and oversupply, coupled with natural rubber prices plummeted, Asia polybutadiene rubber (BR) spot prices may continue to decline. Sellotape

According to ICIS, the downstream tire manufacturers are resisting February 1900 to 1950 U.S. dollars / ton (CFR, Northeast Asia) BR offer. February 6, BR price of $ 1850 ~ 1950 / ton (CFR, Southeast / Northeast Asia). Since the beginning of this year, natural rubber prices fell by 21%. Southeast Asia, synthetic rubber market sentiment is also bearish. Most market participants are closely watching the political turmoil in Thailand, the price of natural rubber transaction situation. Washi tape

Insiders said that due to the abundant supply of material in Europe, the European goods will also enable BR prices under pressure. European low cost raw material butadiene, making synthetic rubber producers in Europe at a lower price sales in Asia. Masking tape

It is reported that Asian BR demand remained weak, making the Asian manufacturers choose to cut. Synthetic Rubber Company in Thailand in mid-February to Rayong province, Thailand 72,000 tons / year BR plant operating rate fell to 70%, currently operating load rate of 100%.Wholesale masking tape