Market and product

It is understood that the February 8, Asian non-oil grade 1502 SBR spot price has risen to $ 3600 ~ 3700 (t price, the same below, CIF, China), up $ 300 in early February. The raw material butadiene offer up to $ 3700 ~ 3800 (CFR Northeast Asia), increased by about $ 250 in early February. Butadiene rubber prices are spiraling up, in order to ensure profitability, the offer of butadiene rubber, the production enterprises has risen 400 to $ 500, rising to 3900 to $ 4000 (CFR, Asian). According to ICIS information, the week ended February 2, the price of the Asian butadiene rubber 3350 to $ 3,550 (CFR Northeast Asia).

In addition, China, Korea, China, Taiwan and Thailand, part of the butadiene rubber producers to cut production to reduce losses. For example, synthetic rubber manufacturer in Thailand BST company said the decision to 55,000 tons / year butadiene rubber factory operating rate fell to 70 percent, continuing to the end of February. LG Chemicals, Kumho Petrochemical Company also has its plant load to 70%.