On April 23, the Styrene-Butadiene Rubber (SBR) market in the East China region underwent a phase of weak consolidation. With the international crude oil market trading sideways within a narrow range at elevated levels, SBR supply prices remained temporarily stable; however, market participants lowered their asking prices. Currently, the mainstream quoted range for SBR 1502—sourced from Fushun, Jihua, Qilu, Weitai, Yibang, and Lanhua—stands at 16,100 to 16,500 RMB per ton.

The report highlights that the SBR market is experiencing weak consolidation: while supply prices have held steady for the time being, sellers have lowered their asking prices, bringing mainstream quotes to the 16,100–16,500 RMB/ton range. This indicates sluggish market demand, subjecting spot prices to downward pressure. The sideways trading of international crude oil at high levels offers only limited cost support; conversely, the stability of supply prices suggests that supply-side conditions have not tightened significantly. Taken together, the market is displaying clear signs of weakness, exerting a generally bearish influence on spot prices.

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