Recently (8.11-8.25), the market for SBR has slightly increased. According to the Commodity Market Analysis System of SunSirs, as of August 25th, the price of SBR in the East China market was 12,250 RMB/ton, an increase of 1.31% from 12,091 RMB/ton on August 11th. The price of raw material butadiene has slightly increased, while the price of styrene has narrowed, providing continued support for the cost of SBR. Downstream tire production has slightly increased, providing support for the demand for SBR; The production of SBR has slightly decreased, and the supply pressure is not high. As of August 25th, 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 (8.11-8.25), the price of raw material butadiene has slightly increased, and the price of styrene has been consolidating narrowly, which continues to support the cost of SBR. According to the Commodity Market Analysis System of SunSirs, as of August 25th, the price of butadiene was 9,333 RMB/ton, an increase of 2.75% from 9,083 RMB/ton on August 11th; As of August 25th, the price of styrene was 7,624 RMB/ton, an increase of 0.26% from 7,606 RMB/ton on August 11th. The high point during the cycle was 7,656 RMB/ton, and the low point during the cycle was 7,568 RMB/ton.

Recently (8.11-8.25), the construction of domestic SBR plants has slightly decreased to around 6.80%. The four production lines of Fushun Petrochemical's 200,000 tons/year SBR plant have been shut down for maintenance since August 15th.

Supply and demand side: Recently (8.11-8.25), downstream tire production has slightly increased, providing essential support for the SBR market. As of August 22, the construction of semi steel tires by domestic tire companies has slightly increased to around 74%; 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 of SBR will continue to be supported; The production of SBR has slightly decreased; The downstream tire industry provides strong support for SBR. The peak season is approaching, and overall, it is expected that the SBR market will fluctuate and rise in the later period.

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