Recently (6.11-6.18), the SBR market has seen a slight upward trend. According to the Commodity Market Analysis System of SunSirs, as of June 18th, the price of styrene butadiene rubber in the East China market was 12,141 RMB/ton, an increase of 2.53% from 11,841 RMB/ton on the 11th. The price of raw material butadiene has been adjusted narrowly, while the price of styrene has significantly increased, and the cost support for SBR has greatly strengthened. Downstream tire production has fluctuated slightly, providing support for the rigid demand of SBR; The production of SBR has fluctuated slightly, and supply pressure still exists. As of the 18th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China was around 11,200-12,300 RMB/ton.

Recently (6.11-6.18), the raw material butadiene has been processed in a narrow range, and the price of styrene has risen significantly, which has strengthened the cost support of SBR. According to the Commodity Market Analysis System of SunSirs, as of June 18th, the price of butadiene was 9,275 RMB/ton, a decrease of 0.80% from 9,350 RMB/ton on June 11th; As of June 18th, the price of styrene was 8,230 RMB/ton, an increase of 4.36% from 7,886 RMB/ton on June 11th. In the short term, driven by energy prices, styrene prices are operating at a high level.

Supply and demand side: Recently (6.11-6.18), there have been slight fluctuations in downstream tire production, which has provided strong support for the demand in the SBR market. As of June 15th, the construction of semi steel tires by domestic tire companies has slightly increased to around 78%; The production of all steel tires by tire companies in Shandong Province has slightly decreased to around 61%.

From a fundamental perspective, analysts from SunSirs believe that the current cost support for SBR is stronger than in the previous period; The production of SBR is stable with slight fluctuations, and the supply pressure still exists; Downstream tires continue to provide rigid support for SBR. Overall, it is expected that the SBR market will fluctuate and consolidate in the short term.

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