PBR 01 prices slide on weak tyre and auto sector demand (Business Opportunities - Marketing & Sales)
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Item ID 3130368 in Category: Business Opportunities - Marketing & Sales
PBR 01 prices slide on weak tyre and auto sector demand | |
The price of Polybutadiene Rubber (PBR 01), manufactured by Reliance Rubber Industries, recorded a drop in the Delhi market today. Prices decreased by Rs.3/kg, falling from Rs.179/kg on March 27 to Rs.176/kg as of March 28, 2025. The decline is driven by sluggish demand from the automotive, tyre, and footwear sectors, alongside steady inventory levels across the northern distribution network 1. Key Producers Domestic Manufacturers: 1. Reliance Industries Ltd. – India’s largest producer of synthetic rubbers, including high cis and low cis PBR grades. 2. Indian Synthetic Rubber Pvt. Ltd. (ISRL) – A joint venture between IndianOil, Marubeni, and TSRC Corporation. 3. Haldia Petrochemicals Ltd. – Engaged in producing various synthetic elastomers, including PBR. 4. Apcotex Industries Ltd. – Supplies niche grades of synthetic rubbers and emulsions. Global Suppliers: 1. Sibur – Russia, 2. JSR Corporation – Japan, 3.LG Chem – South Korea, 4.Lanxess AG – Germany and 5. Kumho Petrochemical – South Korea. India imports a portion of its PBR needs, mainly specialty grades, from South Korea, Japan, and Europ. Market Outlook The global PBR market was valued at USD 4.5 billion in 2023, and is expected to grow at a CAGR of 4.7% from 2024 to 2029, driven by: 1. Growth in automotive production and OEM tyre demand, 2. Rising use in golf balls, industrial rubber goods, and belting and Increased demand for low rolling resistance tyres in EVs. In India, PBR demand is closely linked to the automobile and tyre manufacturing industries, which together account for nearly 70% of total PBR consumption. With recent softness in replacement tyre demand and cautious inventory stocking by OEMs, short-term price corrections like this are expected, Indian PBR Prices, Indian Price PBR, PBR Prices In India, Indian Prices PBR, Indian PBR Price, PBR Prices In India, Indianpetrochem. #IndianPBRprices #IndianpricePBR #PBRpricesinindia #IndianpricesPBR #IndianPBRprice #PBRpricesinindia #Indianpetrochem | |
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| Target State: All States Target City : Delhi, Ahamdabad and Mumbai Last Update : 29 March 2025 10:38 PM Number of Views: 41 | Item Owner : indianpetrochem Contact Email: Contact Phone: (None) |
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2025-04-02 (0.388 sec)