SunSirs: China SBR Market Rebounded slightly on June 16
June 17 2021 16:15:33 SunSirs (Selena)
Commodity name: SBR 1502
Latest price (June 16): 12,208 yuan / ton
According to the monitoring of SunSirs, the domestic price of SBR was 12,208 yuan / ton on the 16th, up 0.55% from the previous day. In June, the price of natural rubber continued to fall, bad for SBR. At the beginning of this month, the overall start-up of SBR industry increased, and the supply side pressure increased, which exacerbated the bad atmosphere. The raw material butadiene rose sharply, and the cost was slightly supported. According to the monitoring of SunSirs, the butadiene price was 8,218 yuan / ton on June 15, up 10.19% from 7,458 yuan / ton at the beginning of the month. Last week, the butylbenzene units of Yibang and Jihua were overhauled, which relieved the pressure of butylbenzene supply.
On one hand, the sharp drop of butylbenzene since April has released some bad risks; on the other hand, the overhaul of Yibang and Jihua plants has also eased the pressure on butylbenzene supply to a certain extent. Overall, China SBR is expected to stabilize in the short term.
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