Recently (12.1-12.12), the SBR market has been weak and declining. According to the Commodity Market Analysis System of SunSirs, as of December 12th, the price of SBR in the East China market was 11,583 RMB/ton, a decrease of 2.18% from 11,841 RMB/ton at the beginning of the month. During the cycle, the ex factory price of SBR has decreased. According to the commodity market analysis system of SunSirs, as of December 12th, the ex factory price of Qilu butadiene styrene 1502 of Sinopec North China Sales Company was 11,300 RMB/ton.

Recently (12.1-12.12), the price of raw material butadiene has dropped significantly, the price of styrene has fluctuated and fallen, and the cost of SBR has decreased. According to the Commodity Market Analysis System of SunSirs, as of December 12th, the price of butadiene was 8,370 RMB/ton, a decrease of 8.27% from 9,125 RMB/ton at the beginning of the month; As of December 12th, the price of styrene was 8,283 RMB/ton, a decrease of 1.39% from 8,400 RMB/ton at the beginning of the month, and the low point in the cycle was 8,175 RMB/ton.

Demand side: Recently (12.1-12.12), the production of all steel tires has slightly decreased, resulting in weak demand for rubber. It is understood that as of early December 2023, the operating load of all steel tires in rubber tire enterprises in Shandong region was 5.9%; The operating load of semi steel tires in domestic rubber tire enterprises is 7.2%.

SunSirs analysts believe that the cost of SBR will decrease, coupled with a decline in downstream tire production and an overall loose supply of SBR in the later stage. Overall, it is expected that the price of SBR will be weak and consolidate in the later stage.

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