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SunSirs: China SBR Market Declined slightly
December 27 2022 15:09:25SunSirs(Selena)

SBR market fell slightly last week (12.16-12.23). According to the monitoring of SunSirs, as of December 23, the price of domestic styrene butadiene rubber was 10816 RMB/ton, a slight drop of 0.23% compared with 10,841 RMB/ton last Friday. Recently, the ex factory price of two barrels of oil styrene butadiene rubber has temporarily stabilized. According to the monitoring of SunSirs, as of December 23, the ex factory report of Jihua SBR 1502 of PetroChina Northeast Sales Company was 10,700 RMB/ton. Last week, there were few downstream inquiries and limited deals. The offer of merchants was slightly adjusted. As of December 23, the market offer of SBR 1502 was 10,700-10,900 RMB/ton.

Last week (12.16-12.23), the price of raw butadiene rose, the price of styrene fluctuated slightly, and the cost of styrene butadiene rubber rose as a whole. According to the monitoring of SunSirs, as of December 23, the price of butadiene was 6,985 RMB/ton, up 3.40% from 6,755 RMB/ton last Friday; As of December 23, the price of styrene was 8,091 RMB/ton, down 0.31% from 8,116 RMB/ton last Friday, and the cycle low was 8,041 RMB/ton.

Zhejiang Weitai 100,000 t/a styrene butadiene rubber plant was restarted from December 19; Li Changrong's 50,000 t/a SBR unit was restarted on December 4, and the SBR unit continued to rise slightly from the early stage.

Last week (12.16-12.23), the natural rubber market declined slightly, and the support for styrene butadiene rubber weakened. According to the monitoring of SunSirs, as of December 23, the price of natural rubber was 12,160 RMB/ton, down 2.49% from 12,470 RMB/ton last Friday.

In the middle and late December, the construction of downstream tire enterprises declined, and the demand for SBR became weaker. According to SunSirs, the construction of all steel tires in Shandong will be less than 60%.

SunSirs analysts believe that the cost side rose slightly; Downstream commencement decline; It is expected that SBR will consolidate in the short term.

 

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