Price trend
This week (1.30-2.6), the SBR market fell slightly after rising. According to the monitoring of SunSirs, as of February 6, the domestic price of SBR was 11,758 RMB/ton, up 2.47% from 11,475 RMB/ton on January 30, and the peak in the cycle was 11,833 RMB/ton. This week, the ex-factory price of SBR of PetroChina and Sinopec increased by 300 RMB/ton. According to the monitoring of SunSirs, as of February 6, the ex-factory price of SBR of Sinopec Northeast Sales Company Jihua 1502 was 11,800 RMB/ton.
The price of raw material butadiene continued to rise this week. Supported by the cost and the factory price, the offer of SBR merchants rose at the beginning of the week. After the price of SBR rose at the end of the week, the enthusiasm of downstream inquiry decreased, and the market offer fell slightly by 50~100 RMB/ton. As of the 6th, the mainstream offer of SBR 1502 market was 11,700~12,000 RMB/ton.
Analysis review
This week (1.30-2.6), the price of raw material butadiene rose and the price of styrene declined slightly. The cost of SBR still had support. According to the monitoring of SunSirs, the price of butadiene was 9,432 RMB/ton as of February 6, up 4.57% from the price of 9,020 RMB/ton on January 30; As of February 6, the price of styrene was 8,466 RMB/ton, down 1.55% from the price of 8,600 RMB/ton on January 30.
This week (1.30-2.6), the start of SBR was basically stable.
The natural rubber market fell sharply this week (1.30-2.6), which had a negative impact on SBR. According to the monitoring of SunSirs, the price of natural rubber was 12,104 RMB/ton as of February 6, down 4.77% from the price of 12,710 RMB/ton on last Friday.
Enquiries from some downstream product enterprises increased after the festival, which had a small support for SBR; However, the commencement of tire enterprises was still at a low level, and the demand for SBR was weak; SBR negotiation was mainly about small orders.
Market outlook
Analysts from SunSirs believe that at present, the fundamentals of SBR are still weak. In addition, the price of natural rubber has fallen sharply, which has a negative impact on SBR. The price of SBR is expected to fluctuate in a narrow range in the short term; However, after the Lantern Festival, if the construction of downstream tire enterprises is improved in time, SBR may have a chance to rise slightly again.
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