SunSirs: China SBR Market was Strong in March
April 08 2021 13:50:52 SunSirs (Selena)
According to the data monitoring of SunSirs, the domestic SBR market was strong in March, with a price of 14,116 RMB/ ton at the beginning of the month and 14,458 RMB/ ton at the end of the month, a slight increase of 2.42%.
In March, the market of SBR was strong, and the price at the beginning of the month rose slightly, while the price in the late middle of the month remained strong. In March, the price of SBR was stable. As of March 31, the factory price of Jihua SBR 1502, CNPC Northeast was 14,500 RMB/ ton. The trading quotient made a small adjustment in the week and concluded negotiations. In April, some manufacturers have maintenance plan, and the expected inventory is under no pressure. Downstream is currently on demand.
Butadiene and styrene fell in March, and the cost side was short. According to the monitoring of SunSirs, the price of butadiene at the beginning of the month was 8,368 RMB/ ton, and the price at the end of the month was 7,860 RMB/ ton, with an overall decrease of 6.08%; the price of styrene at the beginning of the month was 9,783 RMB/ ton, and the price at the end of the month was 8,533 RMB/ ton, with an overall decrease of 12.78%.
SunSirs analysts believe that in the later period, the SBR manufacturers have maintenance plans, the pressure on the supply side is small, but the cost side is empty, and the growth rate of downstream demand is not obvious, so it is expected that the price of SBR will fall in the later period in China.
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