On June 10, the Styrene-Butadiene Rubber (SBR) market in East China experienced weak consolidation. With international crude oil prices fluctuating downward and downstream buyers limiting inquiries to immediate needs, traders made slight adjustments to their offers. Currently, mainstream quotes for Fushun 1502 grade stand at 13,650–13,800 RMB/tonne, while Qilu 1502 grade is quoted at 14,400–14,600 RMB/tonne.
International crude oil prices trended lower amidst volatility, and demand for SBR remained sluggish. As a key upstream feedstock for SBR, butadiene lacked sufficient demand-side support, exerting downward pressure on spot prices. On June 9, the benchmark butadiene rubber contract (2607) on the Shanghai Futures Exchange closed at 13,185 RMB/tonne—a drop of 295 RMB/tonne from the previous trading day; this overall weakening in futures prices created a bearish sentiment for related contracts. In summary, the East China SBR market saw weak consolidation on June 10, driven by diminished cost support from falling crude oil prices and limited downstream purchasing enthusiasm, which weighed on SBR spot prices.
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