Last week (6.5-6.12), the market of SBR rose slightly. According to the commodity market analysis system of SunSirs, as of June 12, the price of SBR in the domestic East China market was 11,191 RMB/ton, up 0.67% from 11,116 RMB/ton the previous Monday. During the period, the ex factory price of SBR was temporarily stable. According to the commodity market analysis system of SunSirs, as of June 12, the ex factory price of Qilu SBR 1502 of Sinopec North China Sales Company was 11,000 RMB/ton. During the cycle, the prices of raw materials butadiene and styrene decreased slightly, and the cost of SBR was weak; The start of downstream tires fluctuated slightly, and the demand for SBR was limited. The basic fundamentals of the SBR rubber industry chain are weak. As of December 12, the mainstream offer of SBR 1502 in the domestic market was 11,100-11,700 RMB/ton.

Last week (6.5-6.12), the prices of raw materials butadiene and styrene fell slightly, and the cost of SBR was weak. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the price of butadiene was 6,317 RMB/ton, a decrease of 0.96% from last Monday's 6,378 RMB/ton; As of June 12th, the price of styrene was 7,736 RMB/ton, a decrease of 1.32% from last Monday's 7,840 RMB/ton.

Last week (6.5-6.12), the natural rubber market was weak and volatile, and the support for SBR was weak. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the price of natural rubber was 11,690 RMB/ton, which was unchanged from last Monday. The low point during the cycle was 11,650 RMB/ton, and the high point was 11,810 RMB/ton.

Recently, the tire operating rate has fluctuated slightly, and the demand for rubber support is limited. It is understood that as of early June 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region was 6.3%.

Analysts from SunSirs believe that the cost support of SBR is weak, and the downstream demand support is limited, which has a weak impact on SBR; Moreover, the price of natural rubber is still low, and the support for SBR is weak; It is expected that China SBR will consolidate in the short term.

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