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PBR Prices In India

PBR rubber 1220, a product manufactured by Reliance Industries Limited, has undergone notable market fluctuations, experiencing both price increases and decreases over the past month. The latest trend in the Delhi market reveals a slight reduction in the price of PBR 1220 by Rs. 2/kg, moving from Rs. 173/kg to Rs. 171/kg.These fluctuations can be attributed to various factors, starting with the composition of PBR 1220, primarily derived from 1,3 butadiene. With about 70% of its usage directed towards tyre production, the performance of the tyre industry has become a significant influencer on the market dynamics of PBR rubber. On a global scale, the increasing demand for high-quality tyres, driven by the expanding automotive sector, especially in emerging markets, places PBR rubber in a position of heightened demand. The Asia-Pacific region, with its thriving automotive industry, stands out as a key player in the consumption of PBR rubber, emphasizing the interconnectedness of global market dynamics and localized impacts on specific industries. While recent trends indicate a temporary downturn in prices, analysts cautiously foresee the potential for a reversal in the coming weeks or months, with factors like shifting consumer demand, supply chain dynamics, and macroeconomic trends continuing to shape the trajectory of PBR rubber prices in the Delhi market and beyond.

Target State: All States
Target City : All Cities
Last Update : Feb 28, 2024 1:18 PM
Number of Views: 50
Item  Owner  : indianpetrochem
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2024-02-28 (0.587 sec)