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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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