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The PBR Market is at a Turning Point; Upward or Downward, What Will be the Future Trend?
The PBR Market is at a Turning Point; Upward or Downward, What Will be the Future Trend?

The PBR Market is at a Turning Point; Upward or Downward, What Will be the Future Trend?

  • 12-May-2023 4:44 PM
  • Journalist: Sasha Fernandes

Shanghai, China: The prices of Polybutadiene Rubber (PBR), which were declining from the first week of March in the Chinese market, showcased a significant rise in the second half of April, later followed by a stable market sentiment during the week ending on 5th May. The value of PBR surged by 2.25 during the week concluding on 21st April after declining consistently for several weeks.

The market for PBR rose from a low level. In April, the PBR market's transaction volume was flat, with an increase in the factory price of the product at the month's end that caused a spike in market prices. Furthermore, the market for natural rubber in April experienced an initial decline, followed by a modest rise that had a somewhat detrimental effect on PBR. Although there was considerable support for rubber demand in April compared to March, downstream tire production did not significantly expand.

Currently, the price of feedstock Butadiene has been growing in the market, providing stronger cost support for PBR. The operating rate of downstream tire factories has been varying slightly, and support for the product is rigid but still weak. Furthermore, the market for natural rubber in April experienced an initial decline, followed by a modest rise that had a somewhat detrimental effect on PBR. Although there was considerable support for rubber demand in April compared to March, downstream tire production did not significantly expand.

According to market researchers, there is a short-term degree of inflexible downstream demand for support, along with a minor decrease in PBR supply, which helps to support the product market. It is difficult to support a major rising trend in the later stage of PBR because natural rubber prices are still at a low level, and there has not been significant growth in downstream tire manufacturing. The PBR market is anticipated to be in a consolidation trend following an increased tendency in the later stage.

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