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An SBR manufacturer said: "The recovery of the SBR market has stopped the decline in raw material butadiene prices." Asia butadiene spot prices fell by US$100/ton to US$1600 to US$1620 in the week ended August 6. Tons (CFR Northeast Asia).
An SBR manufacturer in China said: “The butadiene price is likely to have bottomed out. As the SBR price rebounds, the butadiene price will also steadily rise back to about $1,650/ton.†Market participants say that for SBR producers In order to be profitable, the price difference between butadiene and SBR must be maintained at about $400/tonne.
Asian butadiene prices may have bottomed out
Market participants recently said that Asian butadiene prices may have bottomed because the downstream styrene-butadiene rubber (SBR) market has begun to rebound after a three-month downturn. According to a price report, the spot price of non-oil-grade 1502 SBR delivered in August in Asia was 100 US dollars/ton higher than the monthly transaction price, and rose to 2,000 US dollars to 2050 US dollars/ton.