According to the data monitoring of SunSirs, China domestic SBR market continued to rise last week (10.12-10.16), with the price at 9,191.67 RMB/ ton at the beginning of the week and 9,700.00 RMB/ ton at the weekend, an overall increase of 5.53%.

As of October 16, the ex-factory price of domestic SBR petrochemical manufacturers increased by 700 RMB/ ton. As of October 16, the ex-factory price of Jilin Chemical styrene 1502 of PetroChina Northeast sales company was 9,800 RMB/ ton. Last week, the overall start-up of SBR plant was basically normal. The start-up of downstream tire market continued to rise slightly. The start-up of all steel tire and semi-steel tire was more than 70%, and there was a rigid demand for rubber.

The price of butadiene and styrene is rising, and the cost of butadiene and styrene is still supported. According to the monitoring of SunSirs, as of October 16, the price of butadiene was 6,863 RMB/ ton, up 7.86% from 6,363 RMB/ ton at the beginning of the week; as of October 16, the price of styrene was at 6,050 RMB/ ton, up 10% from 5,500 RMB/ ton at the beginning of the week.

Market Forecast:

SunSirs analysts believe that at present, the price of raw materials continues to rise, which has certain support for SBR. In addition, the support from the demand side is not reduced. It is expected that China SBR market will maintain a high level in the short term.

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