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SunSirs: Early Market Trends of China Domestic SBR on June 8
June 08 2023 14:03:29SunSirs(Selena)

On June 8, the overnight crude oil slightly rose, with the WTI07 contract closing at 72.45 RMB/ton and the Brent 08 contract closing at 76.76 RMB/ton. Recently, the price of raw material butadiene has been consolidated at a low level, the price of styrene has risen slightly, and the cost support of SBR is weak; Downstream inquiries are mainly small orders, with small market transactions. It is expected that China SBR market will consolidate in a narrow range on June 8.

 

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