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SunSirs: Rubber, Analysis on SBR in East China on December 30

December 31 2019 08:38:32     SunSirs (Daisy)

Product Name: Styrene butadiene rubber 1502

The Latest Price (December 30): 11,460 RMB / ton

Market Analysis: Today (December 30), the domestic styrene-butadiene rubber market price is mainly stable. According to data from SunSirs, today's styrene-butadiene rubber petrochemical ex-factory price is stable.

Sinopec North China sales company Qilu styrene-butadiene 1502 reported 10,800 RMB / ton, Qilu 1712 reported 9,700 RMB / ton, ex-factory price in North China.

The latest data from the National Bureau of Statistics on December 17 showed that China's November synthetic rubber output was 665,000 tons, a year-on-year increase of 7.3%. From January to November, the total output was 6.399 million tons, an increase of 5.5% year-on-year.  In November 2019, domestic rubber tire output was 72.467 million, a year-on-year increase of 3.3%. From January to November, domestic rubber tire output was 76.690 million, a year-on-year increase by 2.2%.

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Market Forecasting: At present, the price of raw material butadiene is low. And the output of downstream tires has decreased slightly from the previous month and increased year-on-year. It has formed a certain support for styrene-butadiene rubber.

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