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Oct 29, 2008

Styrene-butadiene rubber market in the near future South-East Asia market overview

Asia-Pacific region, the spot price of SBR (CFR) U.S. dollars / ton

Level of non-oil-filled 1502

Hong Kong and China the main USD / MT 1480 ~ 1500

South-East Asia USD / MT 1500 ~ 1550

Oil-filled 1712 level

Hong Kong and China the main USD / MT 1360 ~ 1380

South-East Asia USD / MT 1400 ~ 1450

South-East Asia and India: Similarly, the level of non-oil-filled goods in the third quarter of 1502 of the contract settlement price reduction of 30 to 40 U.S. dollars / ton, for 1520 to 1560 U.S. dollars / ton (CFR Southeast Asia and India), depending on the conditions of collection, large and small quantities And the source of goods. However, some manufacturers have advocated early in the third quarter of the settlement of the contract price as 1560 to 1600 U.S. dollars / ton (CFR Southeast Asia).

Early in the third quarter of 1600 the contract to 1,650 U.S. dollars / ton (CFR Southeast Asia and India) were opposed to the offer is mainly due to the end user can not continue to accept the cost. Buyer proposed 1470 U.S. dollars / ton of intent to purchase price (CFR India), but large-scale manufacturer can not accept such a low price, as a result of styrene and butadiene feedstock costs are too high.

SM prices to 1100 U.S. dollars / ton (FOB Korea), last month rose 200 U.S. dollars / ton. BD prices of the previous two quarters also rose steadily, from January of 1150 U.S. dollars / ton (CFR Northeast Asia) rose in June of 1350 U.S. dollars / ton (CFR Northeast Asia).

1502 non-oil-filled class goods to keep the cash offer in 1550 U.S. dollars / ton (CFR Southeast Asia and India), despite the lower price of intent to buy 10 to 70 U.S. dollars / ton. Reported in 1500 U.S. dollars / ton (CFR India) to reach some of the price of spot transactions, some producers against the 1450 to 1470 U.S. dollars / ton (CFR India) of the bid.

Non-oil-filled 1712 level prices of non-oil-filled than the 1502 level of goods from 100 to 150 U.S. dollars lower / tons of cargo in July for prices of 1400 ~ 1430 / dollars / ton (CFR Indonesia).

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