China's June 8 – 12 SBR market trend analysis

This week the domestic market as a whole rose SBR, monitoring data show that rose SBR 1502, SBR 1712 prices also rose, overall market prices, but the market turnover is still low, the atmosphere continuing weakness in the doldrums, the downstream demand is difficult improved turnover continued to light.

SBR market prices this week, Sinopec and PetroChina both rose, most dealers offer SBR rise, some businesses offer stop-see posture. According to monitoring this week about 1502 products rose 278.57 yuan / ton, weekly price 10842.86 yuan / ton, the weekend quoted 10928.57 yuan / ton, or 0.79%.SBR 1712 rose 200 yuan / ton, the weekly price of 10133.33 yuan / ton, the weekend price of 10333.33 yuan / ton, or 1.97%. SBR 1712 and SBR 1502 trends are up. Currently Sinopec Qilu SBR 1502 reported 11,000 yuan / ton, 1712 reported 10,500 yuan / ton, the oil Fushun SBR 1502 reported 11,100 yuan / ton. Currently, traders offer gradually rise, some businesses stop offer.SBR is currently relatively high prices, but the lack of downstream demand, purchasing rare, not improve market sentiment, traders deal more discount.

SBR next week there will be weak consolidation market price, dealer price will appear temporarily stable or rose slightly, but due to weak downstream demand, lack of market demand after the force, the overall butadiene market will continue to slump.