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SunSirs: Early Market Dynamics of China Domestic SBR Market on November 10
November 10 2023 13:47:40SunSirs(Selena)

Recently, international crude oil prices have significantly declined, with the settlement price of the main WTI crude oil futures contract in the United States reaching $75.74 per barrel as of Thursday. The settlement price of the main contract for Brent crude oil futures is $79.54 per barrel. The price of raw material butadiene has slightly increased, while the external market of styrene has slightly decreased, and the cost of SBR still has support; However, downstream inquiries are cautious, and market transactions are scarce. The main supplier of SBR has lowered its factory price by 200 RMB/ton, and as of the 9th, China Petroleum Northeast Sales Branch's Jihua SBR 1502 factory report was 12,200 RMB/ton. It is expected that the SBR market will undergo a weak adjustment on the 10th.

 

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