On August 23rd, the international crude oil price significantly weakened overnight, with the WTI10 contract closing at $78.55 per barrel and settling at 78.89 yuan per barrel; The Brent 10 contract closed at $82.96 per barrel and settled at $83.21 per barrel. Recently, the high prices of raw materials such as butadiene and styrene have continued to support the cost of styrene butadiene rubber; 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 the styrene butadiene rubber market will experience a narrow consolidation on the 24th.

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