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SunSirs: China SBR Market Fluctuated in a Narrow Range in December
December 29 2022 11:02:03SunSirs(Selena)

The SBR market fluctuated narrowly in December. According to the data monitoring of SunSirs, as of December 27, the price of butadiene benzene 1502 was 10,825 RMB/ton, down 0.31% from 10,858 RMB/ton at the beginning of the month; The monthly high point is 10,866 RMB/ton, and the low point is 10,816 RMB/ton. On the one hand, the price of raw materials is higher and the cost is supported; On the other hand, the downstream demand is sluggish in the short term, and the transaction of SBR is weak. As of December 27, the quotation of SBR1502 in Qilu/Jihua/Fushun and other markets in East China was between 10,700 and 11,000 RMB/ton; SBR1712, the mainstream report was 9,800-10,100 RMB/ton.

The commencement of SBR industry in December was slightly higher than that in November. According to SunSirs, Li Changrong's 50,000 t/a styrene butadiene package was restarted on December 4; Zhejiang Weitai 100,000 t/a styrene butadiene unit was restarted on December 19.

In December, the prices of butadiene and styrene, raw materials of SBR, both rose, and the cost rose. According to the monitoring of SunSirs, as of December 27, the price of butadiene was 6,985 RMB/ton, up 9.01% from 6,407 RMB/ton at the beginning of the month. As of December 27, the price of styrene was 8,062 RMB/ton, up 5.05% from 7,675 RMB/ton at the beginning of the month.

In December, the natural rubber market fluctuated and consolidated, which continued to support SBR. As of December 27, the price was 12,290 RMB/ton, up 0.57% from 12,220 RMB/ton at the beginning of the month. The monthly high was 12,520 RMB/ton, and the monthly low was 12,160 RMB/ton. Seen from the current situation, the pre holiday stock has basically ended, and after the national immunization policy has been released, downstream orders have been significantly reduced. Many enterprises are facing the upcoming New Year's Day and the Spring Festival holiday in advance, and the demand for orders has fallen sharply, causing the natural rubber market to fall slightly at the end of the month.

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

SunSirs analysts believe that the supply side rose slightly in December, but the price of raw materials rose; The demand side is not significantly positive, and it is expected that the market of SBR will be dominated by consolidation before 2023.

 

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

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