Last week (12.9-12.16), the SBR market picked up slightly. According to the monitoring of SunSirs, as of December 16, the domestic price of SBR was 10,841 RMB/ton, a slight increase of 0.08% compared with 10,833 RMB/ton last Friday. Recently, the ex factory price of two barrels of oil SBR has temporarily stabilized. According to the monitoring of SunSirs, as of December 16, the ex factory report of Jihua SBR 1502 of PetroChina Northeast Sales Company was 10,700 RMB/ton. The number of downstream inquiries increased, and the merchant's offer was slightly adjusted. As of December 16, the market offer of SBR 1502 was 10,800-11,100 RMB/ton.

Last week (12.9-12.16), the prices of raw materials butadiene and styrene rose, and the cost of SBR rose. According to the monitoring of SunSirs, as of December 16, the price of butadiene was 6,755 RMB/ton, up 2.87% from 6,566 RMB/ton last Friday; As of December 16, the price of styrene was 8,116 RMB/ton, up 3.07% from 7,875 RMB/ton at the beginning of the month.

Li Changrong's 50,000 t/a SBR plant was restarted on December 4. Since December, the commencement of SBR plant has been slightly higher than that at the end of November. However, on the one hand, the 100,000t/a styrene butadiene plant of Vitex continued to shut down, and the 18,000t/a styrene butadiene plant of Shenhua was planned to be reduced to second-line operation in the middle of the year, so the pressure on the supply side of SBR was not large.

The natural rubber market rose slightly last week (12.9-12.16), supporting SBR. According to the monitoring of SunSirs, as of December 16, the price of natural rubber was 12,470 RMB/ton, up 0.4% from 12,420 RMB/ton last Friday.

The demand side improved. In December, the commencement of downstream tire enterprises continued to pick up slightly, and the demand side support was slightly stronger. According to the business agency, the construction of semi steel tires in Shandong is around 6.60%, and that of full steel tires is around 0.60%.

SunSirs analysts believe that the cost has risen slightly; Downstream construction started slightly; It is expected that China SBR will continue to rise slightly in the short term.

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