PBR market has shown some weakness in the domestic market of China, with prices continuing to trend marginally lower. The recent pricing trend for PBR is due to a combination of factors influencing the supply and demand components of the industry. Over the past week, the price of butadiene, a key raw material utilized in the production of PBR has declined. With the decline of butadiene prices, the cost support for PBR has also weakened, which has led to cautiousness among PBR suppliers and manufacturers. As a piece of the overall cautiousness, we too have seen a decrease in inquiries for high-priced items as well.
From the supply perspective, PBR production has also gone down moderately. Several production facilities have experienced outages related to maintenance. Facilities Haopu and Yihua have recently shut down for maintenance, while facilities such as Qilu will also be undergoing...
