The market for SBR fluctuated slightly higher in August. According to the Commodity Market Analysis System of SunSirs, as of August 29th, the price of SBR in the East China market was 12,500 RMB/ton, an increase of 3.23% from 12,108 RMB/ton at the beginning of the month. As of August 29th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 12,400-12,600 RMB/ton.

In August, the raw material butadiene market rose while the styrene market slightly declined, and the cost of SBR still has some support. According to the Commodity Market Analysis System of SunSirs, as of August 29th, the price of butadiene was 9,283 RMB/ton, an increase of 2.58% from 9,050 RMB/ton at the beginning of the month; As of August 29th, the price of styrene was 7,550 RMB/ton, a decrease of 1.26% from 7,646 RMB/ton at the beginning of the month.

In August, the construction of domestic SBR plants 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.

Demand side: Downstream tire production slightly increased in August, 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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