Recently (7.22-7.28), the SBR market has continued to rise slightly. According to the Commodity Market Analysis System of SunSirs, as of July 28th, the price of SBR in the East China market was 12,366 RMB/ton, an increase of 1.50% from 12,183 RMB/ton on July 22nd. Narrow range consolidation of raw material butadiene prices, weak decline in styrene prices, and weakened cost support for SBR. The downstream tire production is basically stable, providing strong support for the demand for SBR; The overall production of SBR is stable, and supply pressure still exists. As of the 28th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 12,100-12,450 RMB/ton.

Recently (7.22-7.28), the narrow range consolidation of raw material butadiene and the weak downward trend of styrene prices have weakened the overall cost support for SBR. According to the Commodity Market Analysis System of SunSirs, as of July 28th, the price of butadiene was 9,466 RMB/ton, a decrease of 0.35% from 9,500 RMB/ton on July 22nd. The high point during the cycle was 9,583 RMB/ton, and the low point during the cycle was 9400 RMB/ton; As of July 28th, the price of styrene was 7,736 RMB/ton, a decrease of 1.58% from 7,860 RMB/ton on July 22nd.

Supply and demand side: Recently (7.22-7.28), the overall stability of downstream tire production has provided essential support for the SBR market. As of July 25th, 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 weakening; 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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