On March 12th, the SBR market in East China was consolidating at a high level. The high cost support of raw material prices is evident, and the supply price of SBR is firm. Spot traders of SBR are consolidating at high prices. Currently, the mainstream price of styrene butadiene 1502 in Fushun, Jihua, Qilu, Weitai, Yibang, and Lanhua is 15,500-15,800 RMB/ton.

The article shows that the spot market for SBR in East China has stabilized at a high level, with high raw material prices providing significant cost support. The supply price of SBR remains strong, and merchant offers remain at a high level of 15,500-15,800 RMB/ton. This indicates that cost pressures continue, supply side attitudes are tough, demand side supports price stability, market supply and demand are tight, which is favorable for the upward trend of spot prices. Based on comprehensive evaluation, cost support and strong supply prices may drive a slight increase in prices.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.