The domestic styrene butadiene market rose slightly in March. According to the data monitoring of business agency, as of March 31, the price of butylbenzene 1502 was 12691 RMB/ton, a slight increase of 2.42% compared with 12391 RMB/ton at the beginning of the month.

According to the SunSirs, in late March, Li Changrong and Zhejiang Weitai had a total capacity of 150000 T / A, the styrene butadiene rubber plant was temporarily shut down, Jilin Petrochemical operated at a reduced rate, and the domestic styrene butadiene rubber supply pressure decreased at the end of the month. In addition, the 170000 ton styrene butadiene unit of Shenhua chemical has a maintenance plan in April, and the supply side is expected to decline again. It is good for the formation of styrene butadiene rubber in the later stage.

In March, the raw material butadiene rose sharply, styrene rose slightly, and the cost was supported by styrene butadiene rubber. Butadiene plants abroad have entered the maintenance season, and the tight market supply continues to push butadiene to a high level. According to the monitoring of business society, as of March 31, the price of butadiene was 10708 RMB/ton, up 28.02% from 8365 RMB/ton at the beginning of the month.

In March, the international crude oil price rose first and then fell, together with the maintenance of styrene units such as South Korea Hanhua total and domestic Shaanxi Yanchang, which formed a certain support for the price of styrene. As of March 31, the price of styrene was 9350 RMB/ton, up 4.59% from 8940 RMB/ton at the beginning of the month.

The natural rubber market was weak and volatile in March. As of March 31, the price was 13190 RMB/ton, up 1.00% from 13060 RMB/ton at the beginning of the month; During the month, the high point was 13480 RMB/ton and the low point was 12780 RMB/ton.

The operating rate of downstream tires is differentiated, and the operation of semi steel tires has increased significantly, but the operation of all steel tires has been depressed. It is understood that the operating rate of domestic semi steel tire production line closed at 72.2%, while the operating rate of all steel tire production line closed at 56.6%. In addition, according to the data of the General Administration of customs, 35.05 million new pneumatic rubber tires were exported in February 2022, a year-on-year decrease of 15.6%; From January to February 2022, 90.37 million new pneumatic rubber tires were exported, a year-on-year decrease of 0.6%.

Future forecast: business analysts believe that the supply side is expected to be tight in the later stage, and the cost side is still strongly supported, but the demand is slightly weak. It is expected that the styrene butadiene rubber will undergo shock consolidation in the later stage.

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