According to the data monitoring of SunSirs, the domestic SBR market was slightly weak after soaring last week (3.15-3.19). At the beginning of the week, the price was 14,441 RMB/ ton, and then rose to 14,500 RMB/ ton. At the end of the week, the price fell to 14,483 RMB/ ton, up 0.29% over the beginning of the week.
Last week, the domestic SBR market was slightly weak after soaring, and the manufacturer's offer was stable. As of March 19, the ex-factory price of Jilin SBR 1502 of PetroChina Northeast was 14,500 RMB/ ton. Early in the week, the overall trading offer rose, while the weekend declined.
Butadiene, styrene prices fell last week, the cost side is weak. According to the monitoring of SunSirs, as of March 19, the price of butadiene was 8,441 RMB/ ton, a slight drop of 0.07% compared with 8,446 RMB/ ton at the beginning of the week; as of March 19, the price of styrene was 8,483 RMB/ ton, a sharp drop of 7.45% compared with 9,166 RMB/ ton at the beginning of the week.
SunSirs analysts believe that the international crude oil price fell sharply on March 18, raw materials butadiene and styrene have the risk of falling again, the cost side is obviously bad, and the downstream procurement is general. It is expected that the price of China SBR will fall and adjust in the short term.
