Commodity News
SunSirs: Moring Market Dynamics of China Domestic SBR Market on August 16
August 16 2023 10:47:04 SunSirs (Selena)
On August 15th, the international crude oil price significantly weakened overnight, with the WTI09 contract closing at $81.07 per barrel and settling at $80.99 per barrel; The Brent 10 contract closed at $85.04 per barrel and settled at $84.89 per barrel. Recently, the high prices of raw materials such as butadiene and styrene have continued to support the cost of SBR; Downstream inquiries for high priced goods are cautious, and merchants have a low willingness to offer at low prices, resulting in a slight deadlock in market negotiations. It is expected that China SBR market will experience a narrow consolidation on the 16th.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2024-04-23 SunSirs: Minor Consolidation of China SBR Market
- 2024-04-16 SunSirs: The Market Situation of SBR has slightly Increased
- 2024-04-12 SunSirs: China Association of Automobile Manufacturers: China's Automobile Production and Sales Increased in March
- 2024-04-03 SunSirs: China SBR Market Rose and Fell, with An Overall Upward Trend in March
- 2024-04-02 SunSirs: China SBR Market slightly Declined
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