Recently (10.14-10.21), the SBR market has been consolidating weakly. According to the Commodity Market Analysis System of SunSirs, as of October 21st, the price of SBR in the East China market was 11,525 RMB/ton, a decrease of 0.14% from 11,541 RMB/ton on the 14th. On the one hand, the raw material support is relatively weak. On the other hand, downstream tire production resumed after the holiday, providing strong support for the demand for SBR; The production of SBR is basically stable, and the fundamentals of SBR show a weak balance trend. The market situation is mainly dominated by weak consolidation. As of October 21st, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 11,450-11,650 RMB/ton.

Recently (10.14-10.21), the price of raw material butadiene has been narrowly adjusted, and the price of styrene has weakened, resulting in weak cost support for SBR. According to the Commodity Market Analysis System of SunSirs, as of October 21, the price of butadiene was 8,440 RMB/ton, unchanged from the 14th and 1.28% higher than the low point of 8,333 RMB/ton during the cycle; As of October 21st, the price of styrene was 6834 RMB/ton, a decrease of 2.65% from 7,020 RMB/ton on the 14th.

Supply and demand side: After the recent holidays (10.14-10.21), downstream tire production has gradually resumed, providing essential support for the SBR market. As of October 17th, the construction of semi steel tires by domestic tire companies has slightly increased to around 71%; 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 overall supply and demand of SBR is weak, and it is expected that the SBR market will mainly fluctuate weakly in the short term.

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