SunSirs: China Domestic SBR Market Rose on August 19
August 20 2020 10:14:24 SunSirs (Selena)
Commodity name: Styrene butadiene rubber 1502
Latest price (August 19): 8,141 RMB/ ton
Analysis points: the market price of styrene butadiene rubber rose slightly. According to the monitoring of SunSirs, the mainstream price of styrene butadiene rubber market on August 19 was 8,141 RMB/ ton, up 1.24% compared with the previous day, and traders' offer increased slightly. In recent years, the price of raw material butadiene continued to rise, and the cost supported SBR; however, the overall operation of SBR was high, and the inventory increased compared with the previous period, and the pressure on supply side increased.
Market forecast: the cost side drives the bullish atmosphere, and China SBR market is expected to rise slightly in the short term.
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