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SunSirs: China SBR Market Rose slightly
January 10 2023 14:11:22SunSirs(Selena)

The SBR market rose slightly this week (12.30-1.6). According to the monitoring of SunSirs, as of January 6, the domestic price of SBR was 10,900 RMB/ton, up 0.77% from 10,816 RMB/ton on Friday. At the beginning of January, the ex-factory price of two barrels of oil-styrene butadiene rubber was first reduced and then increased. According to the monitoring of the SunSirs, as of January 6, the ex-factory price of the 1502 oil styrene butadiene rubber of the Northeast China Petroleum Sales Company was 10,700 RMB/ton. This week, the raw material price of SBR rose, supported by the cost, and the market offer was increased by 50-200 RMB/ton compared with that before the festival after many businesses were bullish. As of the 6th, the mainstream offer of SBR 1502 market was 10,800-11,100 RMB/ton, and the low inventory offer of some merchants was slightly higher than 11,300 RMB/ton.

This week (12.30-1.6), the price of raw materials butadiene and styrene rose, and the cost of styrene butadiene rubber rose as a whole. According to the monitoring of SunSirs, the price of butadiene was 7,785 RMB/ton as of January 6, up 7.51% from 7,241 RMB/ton on Friday. During the week, the external market of butadiene rose slightly, and the prices of domestic mainstream suppliers were actively raised. At the same time, some manufacturers in Shandong Province bid for goods at a substantial price increase after the festival, which boosted the market prices to a wide jump in succession; As of January 6, the price of styrene was 8,137 RMB/ton, up 2.20% from 7,962 RMB/ton on Friday.

The natural rubber market rose slightly this week (12.30-1.6), which supported SBR. According to the monitoring of SunSirs, the price of natural rubber was 12,410 RMB/ton as of January 6, up 1.31% from 12,250 RMB/ton last Friday.

Since the end of December, with the return of employees from all parts of the country to work, the start of downstream tire enterprises has increased slightly, and the stock of SBR has been replenished slightly, and the market transaction has recovered slightly.

SunSirs analysts believe that the cost is rising; Downstream construction started up slightly; The price of SBR is expected to be strong in the short term in China.

 

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

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