According to the data monitoring of SunSirs, During June (6.1-6.15), the domestic SBR market declined. The price was 12,475 RMB/ ton at the beginning of the month, and dropped to 12,141 RMB/ ton as of June 15, with an overall decline of 2.67%.

As of June 15, the ex-factory price of Jihua SBR 1502 of PetroChina Northeast was at 11,900 RMB/ ton. During the week, traders' offers declined and market inquiries were not active.

The price of raw material butadiene increased sharply, the price of styrene decreased sharply, and the cost was divided. According to the monitoring of SunSirs, the butadiene price was 8,218 RMB/ ton on June 15, up 10.19% from 7,458 RMB/ ton at the beginning of the month; On June 15, the price of styrene was 8,850 RMB/ ton, down 8.44% from 9,666 RMB/ ton at the beginning of the month.

The price of natural rubber fluctuates at a low level, which is mainly bad for cis-1,4-polybutadiene rubber. According to SunSirs, as of June 15, the domestic natural rubber price was 12,462 RMB/ ton, down 3.41% from 12,887 RMB/ ton at the beginning of the month.

SunSirs analysts believe that at present, the lower prices of natural rubber and styrene are bad for SBR, but the increase of pressure on SBR supply side is not obvious due to the parking maintenance plan of some enterprises. China SBR is expected to consolidate in a weak position in the later period, and the decline range may continue to narrow.

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