The cost has decreased, and the market for styrene butadiene rubber in November has been weak and declining. According to the Commodity Market Analysis System of SunSirs, as of November 28th, the price of SBR in the East China market was 11,025 RMB/ton, a decrease of 2.29% from 11,283 RMB/ton at the beginning of the month. As of November 28th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 10,900-11,300 RMB/ton.

In November, the prices of raw materials butadiene and styrene fell weakly, and the cost center of SBR shifted downwards. According to the Commodity Market Analysis System of SunSirs, as of November 28th, the price of butadiene was 7,016 RMB/ton, a decrease of 6.65% from 7,516 RMB/ton at the beginning of the month; As of November 28th, the price of styrene was 6,656 RMB/ton, a decrease of 1.42% from 6,752 RMB/ton at the beginning of the month.

In November, the construction of domestic SBR plants slightly increased to around 75%.

Demand side: Downstream semi steel tire production in November is stable in the early stage and slightly lower in the later stage, providing essential support for the SBR market. As of November 22, the construction of semi steel tires by domestic tire companies has started at around 70%; The construction of all steel tires by tire enterprises in Shandong region is around 62%.

From a fundamental perspective, analysts from SunSirs believe that the current supply of raw materials such as butadiene and styrene is sufficient, while the cost support for SBR is relatively weak; The downstream tire industry provides strong support for SBR. Overall, it is expected that the SBR market will fluctuate and consolidate in the later stage.

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