On January 6, PetroChina South China Sales Company raised the price of emulsion styrene-butadiene rubber (SBR) by 200 yuan/ton. Currently, Fushun 1502 is priced at 11,800 yuan/ton, and Lanzhou 1502E is priced at 11,800 yuan/ton. PriceSeek analysis of SBR, with a bullish-bearish score of 1: The spot price of SBR has increased by 200 yuan/ton, indicating tightening market supply and demand, strong demand or reduced supply, which supports spot prices and is favorable for the bullish side. This price adjustment, implemented by PetroChina South China Sales Company, with both Fushun 1502 and Lanzhou 1502E quoted at 11,800 yuan/ton, reflects an improvement in industry fundamentals, likely driven by rising costs or downstream demand. It is expected that spot prices will maintain an upward trend in the short term.
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