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Oct 29, 2008

SBR market review of the week (attached map)

East China SBR (1502) price trend

SBR domestic manufacturers continue to offer steady, despite the general good, but some of the companies, taking into account the possible drop in demand has taken a more stable pricing policy.

Around the market offer little change, manufacturers offer limited the stabilization of the price momentum. Today, all over the market price: market shandong, Rosin 13900-14000 yuan / ton; North China market, Rosin 14,000 yuan / ton or so; East China market, Rosin 13900-14200 yuan / ton; Guangzhou market, Rosin 14000-14300 yuan / Ton.

Analysis of the afternoon: the price of SBR is to be factory price movements.

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