SunSirs: August Styrene-butadiene Rubber Market Declines Slightly
August 06 2020 08:16:34 SunSirs (Joyce)
Trend Analysis
Commodity name: styrene-butadiene rubber
The latest price (July 31): 8,083 RMB/ton
Key points: The market price of China styrene-butadiene rubber is 8,083 RMB/ton, a slight decrease of 0.1% from the previous day. The styrene-butadiene rubber market falls slightly, which is affected by two sides. On the one hand, the price of raw materials has rebounded recently, and the cost is supporting the styrene-butadiene rubber; on the other hand, the high operating rate of the styrene-butadiene rubber and the overall inventory pressure is relatively large, which is negative for the styrene-butadiene rubber. As a result, the overall styrene-butadiene rubber is in a weak and volatile situation. According to SunSirs, the current price of raw material butadiene is 4,451 RMB/ton; the price of styrene is 5,350 RMB/ton; the operating rate of styrene-butadiene rubber is at a high 80%.
Market outlook: It’s estimated that styrene-butadiene rubber market will continue to hover in a narrow range.
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