In today’s briefing:
- Company Spotlight: Marco Polo Marine
- New Year Marks Revival In Indian Synthetic Rubber Market
Company Spotlight: Marco Polo Marine
Company Spotlight: Marco Polo Marine
New Year Marks Revival In Indian Synthetic Rubber Market
- Highlights · Auto non-tire and tire sectors stage better show from Dec · Indian SR consumption goes up by 10.5% YoY in FY 2024-25 H1 · Atma Nirbhar Bharat making cushioning effect on imports The Indian Synthetic Rubber (SR) sector is reviving in the New Year after the lull until early December, with downstream tire and auto sector demand picking up, leading to a markup in the prices of certain variants.
- The players in the sector are optimistic about the momentum persisting until the end of the financial year in March 2025.
- The SBR prices, which were INR 190/kg on November 1, sharply fell to INR 175/kg by December but are picking up in the new year and have crossed INR 180/kg in early January.
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