On the morning of August 24, the Styrene-Butadiene Rubber (SBR) market in the Jiangsu and Zhejiang regions consolidated at high levels. With international crude oil prices remaining firm at the high end, cost support for SBR is robust; traders have made minor adjustments to their quotes. Currently, mainstream offers for the 1502 grade from Fushun, Lanzhou Petrochemical, Yangzi Petrochemical, and Jilin Petrochemical range from 14,800 to 15,000 RMB/ton.

Regarding the spot market, the strength of international crude oil prices continues to provide solid cost support for SBR. During the morning session on August 24, the market in Jiangsu and Zhejiang consolidated at high levels with slight adjustments to trader quotes. Mainstream offers for the 1502 grade from Fushun, Lanzhou Petrochemical, Yangzi Petrochemical, and Jilin Petrochemical remained in the 14,800–15,000 RMB/ton range. Spot prices are well-supported, and the market trend remains bullish.

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