PBR 01 prices climb in Delhi as tyre industry demand surges – 21 Aug 2024

In Delhi, PBR manufactured by Reliance Rubber Industries Limited, was quoted higher today. Over the past month, prices have varied significantly, with a recent uptick observed on August 21, 2024, in the Delhi market, where the price increased by Rs. 2/kg, from Rs.185/kg to Rs.187/kg.

The price changes are largely driven by the high demand for PBR 01, which is primarily used in tyre production, accounting for about 70% of its usage. The global demand for high-quality tires, especially in the expanding automotive sector of emerging markets, has contributed to the increased demand for PBR rubber. The Asia-Pacific region, with its strong automotive and industrial sectors, plays a crucial role in driving this demand.