Last week (7.28-8.4), the market of SBR rose slightly. According to the commodity market analysis system of SunSirs, as of August 4, the price of SBR in the East China market was 11,866 RMB/ton, up 1.21% from 11,725 RMB/ton the previous Friday. The ex factory price of SBR was stable within the week. According to the commodity market analysis system of SunSirs, as of August 4, the ex factory price of Qilu SBR 1502 of Sinopec North China Sales Company was 11,800 RMB/ton. During the week, the prices of raw materials butadiene and styrene continued to rise, and the cost of SBR continued to support; The construction of downstream tires fluctuated slightly. The construction of semi steel tires declined slightly, and the demand for SBR just needed to be supported slightly. The basic aspects of SBR industry chain are running steadily and smoothly. As of August 4, the mainstream offer of SBR 1502 in East China market was 11,800-12,100 RMB/ton.

Last week (7.28-8.4), the prices of raw butadiene and styrene continued to rise, and the cost of SBR continued to be supported. According to the Commodity Market Analysis System of SunSirs, as of August 4th, the price of butadiene was 7,376 RMB/ton, an increase of 2.43% from last Friday's 7,201 RMB/ton. The higher prices of crude oil and Naphtha have brought about a certain pull from the cost side. At the same time, the prices of some downstream products have risen, which has certain support from the market demand side. The merchants' expectations of demand are stronger, and the offer of the outer market for the far month ships is firm, so the market atmosphere is high.

As of August 4th, the price of styrene was 8,600 RMB/ton, an increase of 5.85% from the previous Friday's 8,125 RMB/ton. The international oil price is high, cost support is strong, and the styrene market is rising. Recently, the trading atmosphere of styrene market is good, and it is expected that the short-term styrene Spot market will mainly rise.

On August 4, the domestic SBR plant started steadily on the whole, and the restart of Lanhua SBR rubber plant was delayed; Yibang Butadiene Plant plans to restart in the near future.

Last week (7.28-8.4), the natural rubber market fluctuated slightly. According to the Commodity Market Analysis System of SunSirs, as of August 4th, the price of natural rubber was 11,944 RMB/ton, a decrease of 0.13% from last Friday's 11,960 RMB/ton, and the highest point in the cycle was 12,080 RMB/ton.

Recently, the tire operating rate has fluctuated slightly, with half steel tire operating slightly lower than the previous period, and all steel tire operating slightly fluctuating compared to the previous period. The demand for rubber rigid support has weakened slightly. It is understood that as of early August 2023, the operating load of rubber tire enterprises in Shandong Province was 5.8% for all steel tires and around 7.2% for half steel tires.

Analysts from SunSirs believe that the cost support of SBR is stronger, and downstream demand needs support, but the supply pressure of SBR is expected to increase in the later period; In addition, the recent downstream construction has weakened slightly, and the price of SBR is expected to fluctuate and consolidate in the short term.

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