Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Best Places to Work
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
July 21, 2017 02:00 AM

Reliance reports decreases in rubber prices

European Rubber Journal Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    MUMBAI, India—Reliance Industries Ltd. reported significant drops in prices for its synthetic rubber materials for the quarter ending June 30.

    Prices for polybutadiene rubber and styrene butadiene rubber dropped by 36 percent and 30 percent, respectively, compared to the previous three months, RIL said in its financial report on July 20.

    The Indian group linked the declines in the first quarter of its fiscal 2018 to a drop in natural rubber price and butadiene feedstock prices

    On a quarterly basis, butadiene prices decreased by 59 percent because of a decline in natural rubber prices and rise in inventories in China, according to the Indian petrochemicals major.

    RIL's synthetic rubber operations are part of the group's Petrochemicals Business unit, which also produces a wide range of polyolefins, PVC, polyester and related feedstocks and chemicals.

    The rubber pricing comments accompanied RIL's unaudited results, showing sales up 26.7 percent to $14 and net profit excluding exceptional items 12.8 percent higher at $1.2 billion, compared to the same three months of last year.

    Commenting on the results for the refining and petrochemicals group as a whole, chairman and managing director Mukesh Ambani said the portfolio of assets in the refining and petrochemicals business contributed to considerable improvement in the firm's earnings for the quarter.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    EV owners: OE tires falling drastically short of treadwear expectations
    2
    80 years later, PPG silicas still driving tire performance
    3
    Michelin reaches deal to sell Russian operations
    4
    Bolder, Liberty Tire collaboration sets stage for more circular industry
    5
    VMI outlines tire technology upgrades for efficient, sustainable manufacturing
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Best Places to Work
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION