SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > SBR News > News Detail
SBR News
SunSirs: SBR Market Price Rose from Low Levels in April
April 28 2023 10:41:40SunSirs(John)

Price trend

The market for SBR rose from a low level in April. According to data monitoring from SunSirs, as of April 27th, the price of SBR 1502 was 12,000 RMB/ton, an increase of 5.80% from 11,341 RMB/ton at the beginning of the month. The price of raw material butadiene slightly increased, while the price of styrene narrowly consolidated, cost support was slightly stronger In April, the operating rate of downstream tire factories fluctuated slightly, and support for SBR was just rigid but still weak; In April, the transaction volume in the SBR market was flat, with an increase of 300 RMB/ton in the factory price of SBR at the end of the month, leading to a surge in market prices.

Analysis review

The operating rate of SBR in April slightly decreased compared to March, with a slight decrease in the supply of SBR; Since April, Lanzhou Petrochemical, Fushun Petrochemical, Li Changrong and other SBR plants were operating under reduced load, and the pressure on the supply side of SBR had slightly eased.

In April, the price of butadiene, the raw material for SBR, slightly increased, while the price of styrene narrowly consolidated. The cost support for SBR slightly strengthened. According to the monitoring of SunSirs, as of April 27th, the price of butadiene was 8,851 RMB/ton, an increase of 3.51% from the 8,551 RMB/ton at the beginning of the month. As of April 27th, the price of styrene was 8,395 RMB/ton, a decrease of 1.09% from 8,487 RMB/ton at the beginning of the month.

In April, the natural rubber market fell first and then rose, but remained at a low level, with a relatively negative impact on SBR. As of April 27th, the price was at 11,530 RMB/ton, an increase of 0.03% from 11,526 RMB/ton at the beginning of the month, and the low point during the cycle was at 11,210 RMB/ton.

Demand side: Downstream tire production in April slightly increased compared to March, with a strong demand support for rubber but no significant increase. It is understood that as of mid April 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region was 67%; The operating load of semi steel tires for domestic rubber tire enterprises was 73%.

Market outlook

Analysts from SunSirs believe that in the short term, there is a certain level of rigid demand for support in the downstream, coupled with a slight reduction in the supply of SBR, which provides some support for the SBR market. However, the price of natural rubber is still at a low level, and with no significant increase in downstream tire production, it is difficult to support a significant upward trend in the later stage of SBR. It is expected that the SBR market will be in a consolidation trend after an upward trend in the later stage.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products