Recently (11.1-11.19), the SBR market has been weak and volatile. According to the Commodity Market Analysis System of SunSirs, as of November 19th, the price of SBR in the East China market was 11,050 RMB/ton, a decrease of 2.07% from 11,283 RMB/ton at the beginning of the month, and an increase of 4.25% from the low point of 10,600 RMB/ton during the cycle. On the one hand, the raw material support is relatively weak. On the other hand, downstream tire production is unstable, which provides rigid support for SBR; The production of SBR has slightly increased, and the fundamentals of SBR are weak, resulting in a weak and volatile market situation. As of November 19th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 10,950-11,200 RMB/ton.

Recently (11.1-11.19), the prices of raw materials such as butadiene and styrene have weakened, and the cost support for SBR has been weak. According to the Commodity Market Analysis System of SunSirs, as of November 19th, the price of butadiene was 7,133 RMB/ton, a decrease of 5.1% from 7,516 RMB/ton at the beginning of the month; As of November 19th, the price of styrene was 6,594 RMB/ton, a decrease of 2.34% from 6,752 RMB/ton at the beginning of the month.

Supply and demand side: Recently (11.1-11.19), the overall stability of downstream tire production has provided essential support for the SBR market. As of November 15th, the construction of semi steel tires by domestic tire companies has reached around 74%; The construction of all steel tires by tire companies in Shandong region has reached about 65%.

Market forecast: 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 industry will continue to experience weak fluctuations in the short term.

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