Recently (7.9-7.22), the market for SBR has slightly increased. According to the Commodity Market Analysis System of SunSirs, as of July 22, the price of SBR in the East China market was 12,183 RMB/ton, an increase of 2.52% from 11,883 RMB/ton on July 9. The price of raw material butadiene has significantly increased, while the price of styrene has narrowed, and the cost support for SBR has strengthened. Downstream tire production has slightly increased, providing support for the demand for SBR; The overall production of SBR is stable, and supply pressure still exists. As of the 22nd, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 12,100-12,500 RMB/ton.

Recently (7.9-7.22), there has been a significant increase in raw material butadiene and a narrow consolidation in styrene prices, which has supported the overall strengthening of SBR costs. According to the Commodity Market Analysis System of SunSirs, as of July 22, the price of butadiene was 8,400 RMB/ton, an increase of 4.83% from 8,966 RMB/ton on July 9; As of July 22, the price of styrene was 7,860 RMB/ton, a decrease of 0.61% from 7,908 RMB/ton on July 9.

Supply and demand side: Recently (7.9-7.22), downstream tire production has slightly increased, providing essential support for the SBR market. As of July 18th, the construction of semi steel tires by domestic tire companies has slightly increased to around 75%; The construction of all steel tires by tire companies in Shandong Province has slightly increased to around 65%.

From a fundamental perspective, analysts from SunSirs believe that the current cost support for SBR is strengthening; The stable supply pressure of SBR production still exists; Downstream all steel tire provides rigid support for SBR. Overall, it is expected that the SBR market will fluctuate and consolidate in the short term.

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