Update Mar 2022

BD and BR MARKET UPDATE :

SUPPLY SIDE FACTORS:

• Fire at the BD extraction in South Korea and explosion at the BR manufacturing plant in Malaysia (++)
• Supply chain constraints (+)
• Cost push due to the hike of crude oil/gas/naphtha (+++)

DEMAND SIDE FACTORS:

• Continued consumption from the downstream industries, especially tyre plants worldwide (++)
• Low BR inventory at the sites (+) From those factors above, the BR price for the up-coming period in April is likely to up 6 – 10%, compared to that of the past weeks.