Since the March 11 earthquake in Japan has caused major Japanese automakers including Toyota, Honda, Nissan, Suzuki and Mitsubishi to stop production at their local factories, industry sources expect that Asian styrene butadiene rubber (SBR) prices may decline in the short term. In the context of the suspension of production by Japanese automobile manufacturers and the drop in natural rubber prices by 30%, Asian tire manufacturers are trying to suppress the contract price of styrene-butadiene rubber in the second quarter.
At present, the non-oil-filled 1502 SBR contract for the second quarter is priced at 3800-4000 US dollars / ton (CFR, Asia), while the reverse price is 3,000-3,300 US dollars / ton (CFR, Asia). A tire manufacturer in India stated that companies will not pay more than $3,300/tonne non-oil-filled 1502 SBR prices because of high raw material costs that make their profits almost zero. Since mid-February, the price of TSR 20 natural rubber delivered by the Singapore Commodity Exchange in May fell by 30%, and the price on March 16 was around US$4,000/ton.
However, a Japanese synthetic rubber producer said that the drop in synthetic rubber prices is only temporary. In the long term, prices will rise again after demand rebounds.
Pipe Epoxy Paint,Epoxy Paint Coating,Epoxy Resin Coating,Pipe And Fitting Epoxy Paint
Wuan City Kunyu Metal Products Co.,Ltd , https://www.kunyucasting.com