Will the Price Uptrend of SBR and PBR Continue?
China’s SBR and PBR prices trended down from H1 June, due to the tepid downstream demand and inactive trading activities. However, the prices moved up from mid-June unexpectedly without the demand improvement. Will the price uptrend of SBR and PBR continue?
According to SCI’s statistics, up to June 18, the ESBR 1502 price in North China closed at RMB 12,300-12,500/mt, up 3.3% from the lowest price in H1 June, and the HCBR 9000 price closed at RMB 12,000-12,200/mt, up 3.9% from the lowest price in H1 June.
The reasons for the increase in synthetic rubber prices were as follows. First, a few new resources flew into the market. On the one hand, the SBR units at PetroChina Jilin Petrochemical and Hangzhou Yibang Rubber underwent maintenance, so the SBR supply decreased.
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