SunSirs: SBR Price Increased Slightly
April 09 2020 21:21:30 SunSirs (Daisy)
Product Name: Styrene-Butadiene Rubber 1502
Latest Price (on 8 April): 7,940 RMB/ton
Analysis Points: Domestic SBR market offers go up. According to SunSirs, the current market price of Jishuhua, Fushun, Qilu butadiene 1502 quoted from 7800 to 8200 RMB/ton. Mainly due to a small rebound in the price of raw materials, on the one hand, the price of styrene was at 4966 RMB/ton on Wednesday, up 2.75% from yesterday. On the other hand, Shanghai glue rebound led to the atmosphere of exploration.
Market Forecast: At present, raw material butadiene prices were low, and styrene initially rebounded. However, the downstream demand still to be stable growth. It is expected that later SBR price will fluctuate.
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