SunSirs: China SBR Continued to be Weak on April 20
April 21 2021 10:21:22 SunSirs (Selena)
Commodity name: SBR 1502
Latest price (April 20): 13,875 RMB/ ton
According to SunSirs, the domestic price of SBR was 13,875 RMB/ ton on April 20, down 1.36% from the previous day. Since April, the price of styrene has rebounded slightly, while the price of butadiene has fallen sharply, and the cost side is mainly short. According to the monitoring of SunSirs, as of April 20, the price of styrene was 9,283 RMB/ ton, up 5.89% compared with the beginning of the month; the price of butadiene was 6,696 RMB/ ton, down 9.69% compared with the beginning of the month. The increase of downstream stock is not obvious, the inquiry is not active, and the price of natural rubber is lower, which drives the market of SBR gradually lower. According to the monitoring of SunSirs, as of April 20, the mainstream offer of Jilin Chemical's butylbenzene 1502 market was 13,800 - 13,900 RMB/ ton, Fushun 1502 market was 13,700 – 13,850 RMB/ ton, and Qilu 1502 market was 13,900 – 14,000 RMB/ ton.
Future forecast: at present, the cost and demand of SBR are weak, and it is expected that SBR will continue to be weak in the future in China.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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