Buyers' resistance slows down talks

Yan, Helen
March 2007
ICIS Chemical Business;3/26/2007, Vol. 2 Issue 59, p29
Trade Publication
The article reports that the buyers' resistance to the proposed price hikes slows down talks for 2007 second quarter Asian styrene butadiene rubber contract. According to traders and buyers, weak market sentiment following the crash in the stock market, falling butadiene feedstock values and fluctuations in the natural rubber price have dampened buying sentiment. Butadiene spot prices have fallen while buyers have dropped their bids.


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