Recently (7.1-7.9), the styrene butadiene rubber (SBR) market has been weak and slightly declining. According to the Commodity Market Analysis System of SunSirs, as of July 9th, the price of styrene butadiene rubber in the East China market was 11,883 RMB/ton, a decrease of 1.18% from 12,025 RMB/ton on the 1st. The price of raw material butadiene has fluctuated and fallen, while the price of styrene has weakened and fallen. The cost support for styrene butadiene rubber has weakened. Downstream semi steel tire production slightly decreased, providing support for the rigid demand of styrene butadiene rubber; The overall production of styrene butadiene rubber is stable, and supply pressure still exists. As of the 9th, the mainstream market price of 1502 styrene butadiene rubber in Fushun, Jihua, Yangzi, and Qilu in East China is around 11,800-12,100 RMB/ton.

Recently (7.1-7.9), the raw material butadiene has fluctuated and weakened, and the price of styrene has weakened, resulting in weaker cost support for styrene butadiene rubber. According to the Commodity Market Analysis System of SunSirs, as of July 9th, the price of butadiene was 8,966 RMB/ton, a decrease of 0.37% from 9,000 RMB/ton on July 1st; As of July 9th, the price of styrene was 7,908 RMB/ton, a decrease of 1.59% from 8,036 RMB/ton on July 1st.

Supply and demand side: Recently (7.1-7.9), downstream tire and semi steel tire production has slightly decreased, providing essential support for the styrene butadiene rubber market. As of July 4th, the production of semi steel tires by domestic tire companies has slightly decreased to around 70%; Around 64% 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 styrene butadiene rubber is weakening; The stable supply pressure of styrene butadiene rubber production still exists; Downstream all steel tire provides rigid support for styrene butadiene rubber. Overall, it is expected that the styrene butadiene rubber market will experience weak fluctuations in the short term.

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