SunSirs: Analysis of CNPC Northeast’s SBR Ex-Factory Price Reduction

On July 28, CNPC Northeast Sales Company lowered its quotes for SBR (Styrene-Butadiene Rubber) grade 1502 by 300 RMB/tonne to 13,300 RMB/tonne (ex-warehouse, Northeast region) for both Jihua and Fushun production. This reduction in ex-factory prices exerts direct downward pressure on SBR spot prices, weakening quotes in the spot market and creating bearish pressure on futures prices in the short term.