------------------------------------------------------------------

Oct 30, 2008

Summary of styrene butadiene rubber market in Asia the week

Northeast Asia: in the second quarter of the contract settlement price negotiations were still continuing, focused on narrowing the bid-ask spread, the difference due to suppression of the negotiating process.
Non-oil-filled class 1502SBR intent of the contract price in the second quarter of 1550 U.S. dollars / ton (CFR Northeast Asia) encountered strong resistance, the intention to maintain the purchase price in 1500 U.S. dollars / ton (CFR Asia) below.
SBR, but the major manufacturers adhere to the minimum bid in 1500 U.S. dollars / ton (CFR Asia), as a result of higher raw materials costs in particular, butadiene (BD) prices lead to lower profits. BD spot prices over the past month or more than 100 U.S. dollars / ton, a breakthrough 1300 U.S. dollars / ton CFR Northeast Asia.
Although the contract price in the second quarter rose 50-100 U.S. dollars / ton, from ocean-going vessels in the spot market is still competitive supplier of goods offer. Russian cargo immediate cash offer in the 1370-1380 U.S. dollars / ton (CFR China main port), in the price of the sold 500 tons of cargo shipment in April.
South Korea 1502SBR3 offer on the spot about 1430-1450 U.S. dollars / ton (CFR China main port), although there are rumors that spot cargo shipment in April will be on offer to 1500 U.S. dollars / ton (CFR China main port), as a result of natural rubber prices firm And the high cost of BD.
Natural rubber prices remained at about 2000 U.S. dollars / ton FOB prices firm in Southeast Asia, China's domestic prices of about 20,000 yuan / ton ex-factory price. The strong natural rubber prices to continue to support China's domestic prices of SBR, non-oil-filled cargo steady at the 1502 level 14600-14800 yuan / ton ex-factory price, oil-filled 1712SBR level remained at 12700-12800 yuan / ton ex-factory price.
1502 class of non-oil-filled cargo in the first quarter of 2006 settlement of the contract price of around 1400-1450 U.S. dollars / ton (CFR Northeast Asia), oil-filled 1712SBR clearing price level of about 1200-1,250 U.S. dollars / ton (CFR Asia).
1502 class of non-oil-filled cargo to reduce the spot price 30 U.S. dollars / ton to 1400-1430 U.S. dollars / ton (CFR China main port).
South-East Asia: in the second quarter of the contract negotiations are continuing, the talks also concerned about the narrowing spread on the sale. Non-oil-filled level in the second quarter of 1550 U.S. dollars contract offer / ton (CFR Southeast Asia) encountered in the purchase price of intent in 1500 U.S. dollars / ton (CFR Southeast Asia), although there are also lower than 1500 U.S. dollars / ton (CFR Southeast Asia) of the purchase price of intent.
Oil-filled level in the second quarter of 1712 interest rate 1350 U.S. dollars / ton (CFR Southeast Asia) response, the lowest intention to buy out the 50 U.S. dollars / tons.
The spot market, the 1502 class of non-oil-filled cargo spot quotations in the 1380-1450 U.S. dollars / ton (CFR Southeast Asia), it is learned that a Russian cargo prices in this price range of low-end price.
1712-level and non-oil-filled oil-filled level in the first quarter of 1502 of a contract settlement price for 1400-1450 U.S. dollars / ton (CFR Southeast Asia) and the 1250-1300 U.S. dollars / ton (CFR Southeast Asia).
Non-oil-filled lower level of valuation 1502 Spot 20-30 USD / ton to 1450-1500 U.S. dollars / ton (CFR Southeast Asia).
India: in the second quarter of the contract negotiations are continuing, the bid-ask spread in the 30-50 dollars / ton. Non-oil-filled level in the second quarter of 1502 the contract offer 1500-1550 U.S. dollars / ton (CFR India) encountered in the 1470-1500 intention of the purchase price of approximately U.S. dollars / ton (CFR India).
According to the buyer in the second quarter, said Russia's offer cargo in 1400 U.S. dollars / ton (CFR India). Russian cargo usually offer lower than other cargo 50-100 U.S. dollars / ton.
Oil-filled level in the second quarter of 1712 selling price of intent 1270-1300 U.S. dollars / ton (CFR India) have encountered 1250 U.S. dollars / ton (CFR India) about the intentions of the purchase price resistance.
The spot market, oil-filled non-cash bid to maintain the 1502 level in 1400-1450 U.S. dollars / ton (CFR India), the 1712-level oil-filled spot quotations about 1250-1290 U.S. dollars / ton (CFR India).

No comments: