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SunSirs: China SBR Market Continued to Decline slightly on October 26
October 27 2022 11:10:44SunSirs(Selena)

According to the monitoring of the business community, the domestic price of SBR was 11,300 RMB/ ton on October 26, down 0.07% from the previous day. On October 26, the ex factory price of SBR manufacturers was stable. The price of raw styrene decreased slightly; The overall supply of SBR is sufficient; Downstream demand is sluggish; Weak market in the industrial chain; The offer of SBR from some merchants fell by 50 RMB/ ton. According to the monitoring of the business community, the mainstream offer of the domestic SBR 1502 market was around 11,200-11,500 RMB/ ton on October 26.

The supply side is loose, downstream demand is limited, and cost support is weak. It is expected that the price of SBR will be weak and volatile in China in the later period.

 

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