Sichuan Petrochemical's 150,000-ton/year high-cis polybutadiene rubber unit is scheduled to produce approximately 11,500 tons of high-cis polybutadiene rubber in January 2026. PriceSeek analysis of polybutadiene rubber, with a long-short rating of -1: Sichuan Petrochemical plans to produce 11,500 tons of polybutadiene rubber in January 2026, close to its monthly average production capacity of 150,000 tons per year (approximately 12,500 tons). The increase in supply may lead to oversupply in the spot market, exerting downward pressure on prices. Combined with butadiene rubber futures data (e.g., the settlement price of the 2603 contract at 12,090 yuan/ton, down 220 yuan), the expectation of supply growth may exacerbate the downward trend in futures prices, reinforcing bearish sentiment.