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SunSirs: SBR Market Fell from a High Level (June 10-17)
June 20 2022 10:57:21SunSirs(John)

Price trend

This week (6.10-6.17) the SBR market fell from a high level. According to the monitoring of SunSirs, as of June 17, the domestic price of SBR was 12,666 RMB/ton, down 2.69% from last Friday's 13,016 RMB/ton.

Analysis review

This week (6.10-6.17), the ex-factory price of SBR was lowered by 200 RMB/ton. According to the monitoring of SunSirs, as of June 17, the Jihua and Fushun SBR 1502 of PetroChina Northeast Sales Company reported 12,800 RMB/ton. The international crude oil, raw material butadiene and styrene prices fell from a high level, and the cost side weakened; coupled with the stalemate in the transaction of high-priced goods in the market, traders' offers fell slightly.

This week (6.10-6.17) the prices of raw materials butadiene and styrene dropped from a high level, and the cost side dropped slightly. According to the monitoring of SunSirs, as of June 17, the price of butadiene was 11,290 RMB/ton, down 6.67% from last Friday's 12,096 RMB/ton; as of June 17, the price of styrene was 10,900 RMB/ton, fell 1.80% from the previous Friday's 11,100 RMB/ton.

According to the monitoring of SunSirs, as of June 17, the price of natural rubber was 12,700 RMB/ton, down 2.98% from the 13,090 RMB/ton at the beginning of the month.

Market outlook

Analysts of SunSirs believe that the high-priced supply of goods in the market is deadlocked, and the international crude oil has fallen from a high level and the cost of styrene-butadiene has fallen. It is expected that the SBR market will fluctuate and consolidate in the later period.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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