Recently (6.1-6.11), China SBR market has slightly weakened. According to the Commodity Market Analysis System of SunSirs, as of June 11th, the price of styrene butadiene rubber in the East China market was 11,841 RMB/ton, a decrease of 1.04% from 11,966 RMB/ton on the first day. The prices of raw materials butadiene and styrene have declined, and the cost support for styrene butadiene rubber has significantly weakened. Downstream tire production slightly decreased, providing support for the demand for styrene butadiene rubber; The production of styrene butadiene rubber is stable, but supply pressure still exists. As of the 11th, the mainstream market price of 1502 styrene butadiene rubber in Fushun, Jihua, Yangzi, and Qilu in East China is around 11,750-12,000 RMB/ton.

Recently (6.1-6.11), the prices of raw materials butadiene and styrene have been weakly declining, and the cost support for styrene butadiene rubber has weakened. According to the Commodity Market Analysis System of SunSirs, as of June 11th, the price of butadiene was 9,350 RMB/ton, a decrease of 3.94% from 9,733 RMB/ton on June 1st; As of June 11th, the price of styrene was 7,886 RMB/ton, a decrease of 2.69% from 8,104 RMB/ton on June 1st.

Supply and demand side: Recently (6.1-6.11), downstream tire production has slightly decreased, providing essential support for the styrene butadiene rubber market. As of June 8th, the operating load of semi steel tires in domestic tire enterprises is around 73%; The operating load of all steel tires in tire enterprises in Shandong region is about 63%. As of the week of June 8th, domestic tire companies had 42 days of finished steel tire inventory, which remained unchanged on a week on week basis; The inventory of semi-finished steel tires remained unchanged on a week on week basis for 46 days.

From a fundamental perspective, analysts from SunSirs believe that the current cost support for styrene butadiene rubber is weakening again; The stable supply pressure of styrene butadiene rubber production still exists; Downstream tire production slightly decreased, providing strong support for styrene butadiene rubber. Overall, it is expected that the styrene butadiene rubber market will consolidate weakly in the short term.

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