SunSirs reported that the styrene butadiene rubber market remained weak last week (5.29-6.5). According to SunSirs’ Commodity Market Analysis System, as of June 5th, the domestic price of styrene butadiene rubber was 11,116 RMB/ton, down 2.98% from last Monday’s 11,458 RMB/ton. During the cycle, the factory price of styrene butadiene rubber has been reduced by around 400 RMB/ton. The cost side for styrene butadiene rubber was relatively weak due to the decrease in raw material butadiene prices and slightly increased styrene prices.

The downstream tire production fluctuated slightly with limited support for demand for styrene butadiene rubber. The basic fundamentals of the styrene butadiene rubber industry chain are weak. As of June 5th, the mainstream offer for styrene butadiene rubber 1502 in the domestic market was between 10,900 and 11,500 RMB/ton .

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