The SBR market experienced a weak downward trend in April. According to the Commodity Market Analysis System of SunSirs, as of April 29th, the price of SBR in the East China market was 12,125 RMB/ton, a decrease of 12.82% from 13,908 RMB/ton at the beginning of the month. The prices of raw materials butadiene and styrene have weakened, and the cost support for SBR has weakened. Downstream all steel tire production slightly decreased, weakening the rigid demand support for SBR; The production of SBR has slightly decreased. The market reported a weak downward trend, and as of the 29th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China was around 11,900-12,350 RMB/ton.

In April, the prices of raw materials butadiene and styrene weakened, and the cost support for SBR significantly weakened. According to the Commodity Market Analysis System of SunSirs, as of April 29th, the price of butadiene was 9,133 RMB/ton, a decrease of 16.97% from the 11,000 RMB/ton at the beginning of April; As of April 29th, the price of styrene was 7,660 RMB/ton, a decrease of 7.53% from 8,284 RMB/ton at the beginning of the month.

In April, the construction of domestic SBR plants slightly decreased, starting at around 73% at the beginning of the month and dropping to around 70% at the end of the month.

Supply and demand side: The slight decrease in downstream tire production in April mainly supported the rigid demand of the SBR market. As of April 29th, the operating load of semi steel tires in domestic tire enterprises was around 78%; The production of all steel tires by tire companies in Shandong Province has slightly decreased to around 63% of the load.

From a fundamental perspective, analysts from SunSirs believe that the current cost support for SBR is relatively weak; Small fluctuations in the production of SBR; Downstream tire inquiries are wait-and-see, with weak support for SBR. Overall, due to the impact of costs and supply and demand, it is expected that the short-term market for SBR will mainly experience a narrow consolidation.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.