SunSirs--China Commodity Data Group

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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. 

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

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