Asian Synthetic rubber price rise on soaring cost
2012-3-14 0:00:00Author： Xinxin WangFont Size：Big Medium Small
Due to soaring butadiene price, Asian synthetic rubber manufacturers have to raise the price, or cut down its operation rate to digest the cost rising.
Thailand’s synthetic rubber manufacturer, BST Company has decided to cut its operation rate down to 70% until the end of February. The companies as LG Chem, Ltd., KKPC etc have also cut their equipment utilization rate down to 70%.
Except that, some other BR Manufacturers in China, Korea, China Taiwan Region, and Thailand chose to cut the output so as to minimize the losses.
Statisitics showed that Asian SBR1502’s spot price (CIF to China) rose to 3600~3700 dollars per ton on February 8th, 300 dollars higher than the price in early February. Butadiene’s price (CFR to North-east Asia) reached as high as 3700~3800 dollars per ton, 250 dollar higher compared to the same period.
BR’s price was experiencing a spiral rise. To ensure profitability, BR producers lifted price of CFR-to-Asia to 3900-4000 dollars per ton. Until the week of February, 2nd, Asian BR’s price (CFR to North-east Asia) rose to 3350~3550 dollars per ton.
(Edited by Mo Lin, mol@tireworld.com.cn)
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