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.

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