Recently (9.8-9.17), the market situation of SBR has slightly declined. According to the Commodity Market Analysis System of SunSirs, as of September 17th, the price of SBR in the East China market was 12,250 RMB/ton, a decrease of 1.93% from 12,491 RMB/ton on September 8th. The prices of raw materials butadiene and styrene have slightly decreased, and the cost of SBR has slightly decreased. The downstream tire production is basically stable, providing strong support for the demand for SBR; The production of SBR has been basically stable. As of September 17th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 12,200-12,350 RMB/ton.

Recently (9.8-9.17), the prices of raw materials butadiene and styrene have slightly decreased, and the cost support for SBR has weakened. According to the Commodity Market Analysis System of SunSirs, as of September 17th, the price of butadiene was 9,266 RMB/ton, a decrease of 1.42% from 9,400 RMB/ton on September 8th; As of September 17th, the price of styrene was 7,324 RMB/ton, a decrease of 1.03% from 7,400 RMB/ton on September 8th.

Supply and demand side: Recently (9.8-9.17), the overall stability of downstream tire production has provided essential support for the SBR market. As of September 11th, the construction of semi steel tires by domestic tire companies has slightly increased to around 73%; The production of all steel tires by tire companies in Shandong Province has slightly decreased to around 64%.

From a fundamental perspective, analysts from SunSirs believe that the current supply and demand of SBR are relatively stable. If raw material prices rise again after the Federal Reserve cuts interest rates, it is expected to drive the SBR market upward.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.