Recently (6.18-6.25), the SBR market has been consolidating weakly. According to the Commodity Market Analysis System of SunSirs, as of June 25th, the price of SBR in the East China market was 12,050 RMB/ton, a decrease of 0.96% from 12,141 RMB/ton on June 18th. The prices of raw materials such as butadiene have weakened and decreased, while the prices of styrene have weakened and consolidated. The cost support for SBR has slightly weakened. Downstream semi steel tire production slightly decreased, providing support for the rigid demand of SBR; The production of SBR has fluctuated slightly, and supply pressure still exists. As of the 25th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China was around 11,900-12,200 RMB/ton.

Recently (6.18-6.25), 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 25th, the price of butadiene was 9,066 RMB/ton, a decrease of 2.51% from 9,300 RMB/ton on June 18th; As of June 25th, the price of styrene was 8,224 RMB/ton, a decrease of 0.04% from 8,230 RMB/ton on June 18th. In the short term, driven by energy prices, styrene prices are operating at a high level.

Supply and demand side: Recently (6.18-6.25), there has been a slight fluctuation in downstream tire production, which provides strong support for the demand in the SBR market. As of June 22, the production of semi steel tires by domestic tire companies has slightly decreased to around 73%; Around 61% of tire companies in Shandong have started construction on all steel tires.

From a fundamental perspective, analysts from SunSirs believe that the current cost support for SBR is weakening; 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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