PBR Prices In India | |
In recent times, there has been a notable fluctuation in the market dynamics surrounding PBR rubber 1220, a product manufactured by Reliance Industries Limited. Over the course of the past month, this particular commodity has experienced significant price swings, with periods of both escalation and decline. Notably, in the most recent trend, the market has witnessed a slight uptick in the price of PBR 1220, particularly evident in the Delhi market where the cost has increased by Rs. 3/kg, marking a shift from Rs. 172/kg to Rs. 175/kg The underlying factors influencing these fluctuations are multifaceted. Firstly, it's crucial to understand the composition of PBR 1220, which primarily consists of 1,3 butadiene as its raw material. This compound lends itself to a variety of industrial applications, with the lion's share of usage—approximately 70%—attributed to tire production. The tire industry, as a cornerstone consumer of PBR rubber, serves as a significant determinant of its market performance Zooming out to a global perspective, the demand for high-quality tires has been steadily on the rise. This growth trajectory is propelled by the continual expansion of the automotive sector and the increasing demand for vehicles, particularly within emerging markets. As such, PBR rubber finds itself in a position of heightened demand, further buoyed by the flourishing automotive landscape. | |
Target State: All States Target City : All Cities Last Update : 21 February 2024 5:04 AM Number of Views: 57 | Item Owner : indianpetrochem Contact Email: (None) Contact Phone: (None) |
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