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SunSirs: China SBR Market is Weak and Declining (August 1-8)
August 10 2022 09:18:09SunSirs(Selena)

From August 1 to August 8, the market price of SBR declined weakly. According to the monitoring of SunSirs, as of August 8, the domestic SBR price was 12,116 RMB/ ton, down 1.16% from 12,258 RMB/ ton last Monday. This week, the ex factory price of SBR in petrochemical enterprises was lowered twice. According to the monitoring of SunSirs, as of August 8, the ex factory price of Fushun SBR 1502 of PetroChina East China sales company was reported to be 1,700 RMB/ ton. The atmosphere was strong in the market, and some merchants offered lower prices. As of August 8, the market price of SBR 1502 was 11,900-12,350 RMB/ ton.

On one hand, from August 1 to August 8, the raw materials butadiene and styrene declined significantly, and the cost of SBR weakened; On the other hand, the low demand side of downstream operation is weak. It is understood that the current operating rate of all steel tires is around 55%, and the operating rate of semi steel tires is around 65%. Demand side support is weak. According to the monitoring of SunSirs, as of August 8, the price of butadiene was 8,668 RMB/ ton, down 7.35% from 9,356 RMB/ ton last Monday; As of August 8, the price of styrene was 8,748 RMB/ ton, down 9.06% from 9,620 RMB/ ton last Monday.

The natural rubber market rebounded slightly, but the overall level was still low, and the support for SBR was not strong. According to the monitoring of SunSirs, as of August 8, the price of natural rubber was 12,290 RMB/ ton, up 0.41% from 12,240 RMB/ ton last Monday.

Future forecast: SunSirs analysts believe that the price of raw materials will fall and the cost of SBR will be lower. In addition, the low demand of downstream operation will be weak in the support of SBR. It is expected that SBR in China will still be weak and lower in the later period.

 

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