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SunSirs: China SBR Market Fluctuated and Consolidated (August 19-26)
August 29 2022 09:03:30SunSirs(Selena)

Last week, the market of SBR fluctuated and consolidated in China. According to the monitoring of SunSirs, as of August 26, the domestic SBR price was 11,775 RMB/ ton, a slight increase of 0.21% over the 11,750 RMB/ ton on August 19, and the overall narrow fluctuation. Last week, the ex factory price of SBR in petrochemical enterprises was temporarily stable. According to the monitoring of SunSirs, as of August 26, the ex factory price of Fushun SBR 1502 of PetroChina Northeast sales company was 11,500 RMB/ ton, and the offers of some merchants were slightly adjusted. As of August 26, the market price of SBR 1502 was 11,600-11,900 RMB/ ton.

On one hand, the raw material butadiene fell slightly last week, and styrene rose sharply, which strengthened the cost support; On the other hand, the low demand side of the downstream construction was weak and the support is weak, and the merchants mostly purchased on demand.

Last week, the start-up of SBR was around 70%, and the pressure on the supply side was slightly relieved.

Last week, butadiene declined slightly, styrene rose sharply, and the cost of SBR improved slightly. According to the monitoring of SunSirs, as of August 26, the price of butadiene was 7,795 RMB/ ton, down 1.03% from 7,876 RMB/ ton on August 19; As of August 26, the price of styrene was 8,837 RMB/ ton, up 5.33% from 8,390 RMB/ ton on August 19.

The natural rubber market fluctuated and consolidated last week, and the support for SBR was not strong. According to the monitoring of SunSirs, as of August 26, the price of natural rubber was 12,044 RMB/ ton, down 0.13% from 12,060 RMB/ ton on August 19.

Market forecast: SunSirs analysts believe that the rising price of raw materials, the high cost of styrene butadiene and the low social inventory have formed a certain support for SBR; However, the low-level demand side support of downstream commencement is weak, and it is expected that the SBR will still be weak in China in the short term. In the medium term, it may rise after the demand stimulus in September and October, but the impact of international crude oil trend needs to be paid attention.

 

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

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