Synthetic Rubber was in Deep Trouble of Deficit

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“With adverse information gathered in the afternoon market,the synthetic rubber market still has a downside potential and it is impossible for the enterprises to make profit.” Wang Chunming,general manager of Shandong Ruiyang Chemical Trading Co.,Ltd.,analyzed.rnTrading was still WeakrnWang Chunming expressed that the rapid rise in price of synthetic rubber in September was triggered by sharp rise in crude oil because the oil field in Saudi was attacked.However,restrained by the fundamentals,the rise trend was unsustainable,the bearish atmosphere of the market was strong,and the synthetic rubber market continued to fall after the National Day.So far,in Shandong area,the quoted price of Qilu 1502/1502E had been 10500 Yuan (price per ton,the same below) and that of Qilu butadiene rubber had been 11100 Yuan.The price difference of butadiene styrene rubber from high to low had been 1200 Yuan and the price difference of butadiene rubber had been up to 1700 Yuan.
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