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SunSirs: Rubber, National SBR Price Was Stable (January 1 to 30)

February 03 2020 09:41:33     SunSirs (Daisy)

In January, the price of national SBR was stable, with the price at the beginning of the month at 11380 RMB / ton and the price at the end of the month at 11440 RMB / ton. The price at the end of the month slightly increased by 0.53% compared with the beginning of the month, which was stable as a whole.

The price of raw material butadiene fell slightly in January, which was negative for SBR. The price of butadiene was 8312 RMB / ton at the beginning of January and 8056 RMB / ton at the end of the month, down 3.08% from the beginning of the month.

The price of raw styrene fell slightly, which was unfavorable to SBR Market. The price of styrene in January was 7250 RMB / ton at the beginning of the month and 7233 RMB/ ton at the end of the month, with a slight decline of 0.23% compared with the beginning of the month as a whole.

From company aspect, the output of Yangzi Petrochemical Company and Zhejiang Weitai SBR plant decreased, while that of Lanzhou Petrochemical Company increased slightly. But the overall domestic output still decreased slightly compared with that in December, with little pressure on the supply side, forming a certain support for the price of SBR. The production of other SBR enterprises has not changed much. The parking of Lugang, Yibang and Fuxiang has continued.

Finally, in January, most of the downstream tire factories shut down for holidays. The purchase volume decreased, and the market turnover was light.

Market Forecasting aspect, SunSirs analysts believe that the price of raw material butadiene styrene is weak, and the current international crude oil price is at a low level. Therefore, it is difficult for raw materials to form support for SBR. On the other hand, with the notice of postponing commencement issued by some provincial and municipal enterprises after the festival, the domestic rubber tire industry chain transaction will still be light. And it is expected that the price of SBR will be weak in the later period.

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