SunSirs: China SBR Market Rebounded slightly on June 23

　　Commodity name: SBR 1502

　　Latest price (June 23): 12,558 yuan / ton

　　According to the monitoring of SunSirs, the domestic price of SBR was 12,558 yuan / ton on June 23, up 0.47% from the previous day. Recently, the price of natural rubber rebounded slightly, and the bad atmosphere weakened. Butadiene rose sharply, styrene stabilized, and cost support was strong. According to the monitoring of SunSirs, the butadiene price was 8,827 yuan / ton on June 23, up 18.35% from 7,458 yuan / ton at the beginning of the month; On June 23, the price of styrene was 8,912 yuan / ton, down 7.80% from 9,666 yuan / ton at the beginning of the month, and up 2.30% from 8,712 yuan / ton at the beginning of the week. The butylbenzene units of Yibang and Jihua were overhauled, which relieved the pressure of butylbenzene supply.

　　Future forecast: since April, butylbenzene has fallen sharply, some bad risks have been released, butadiene has risen sharply, and the unit maintenance of Yibang / Jihua has relieved the pressure on butylbenzene supply. Overall, China SBR is expected to stabilize in the short term.