Recently (11.19-11.30), the SBR market has been running weakly. According to the Commodity Market Analysis System of SunSirs, as of November 30th, the price of SBR in the East China market was 11,025 RMB/ton, a decrease of 0.23% from 11,050 RMB/ton on the 19th. On the one hand, the raw material support is relatively weak. On the other hand, downstream tire production has slightly decreased, providing weak 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 30th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 10,900-11,200 RMB/ton.

Recently (11.19-11.30), the raw material butadiene has weakened and the price of styrene has slightly increased, resulting in weak cost support for SBR. According to the Commodity Market Analysis System of SunSirs, as of November 30th, the price of butadiene was 7,016 RMB/ton, a decrease of 1.64% from 7,133 RMB/ton on November 19th; As of November 30th, the price of styrene was 6,656 RMB/ton, an increase of 0.94% from 6,594 RMB/ton on November 19th.

Recently (11.19-11.30), the construction of domestic SBR plants has slightly increased to around 76%.

Supply and demand side: Recently (11.19-11.30), downstream tire production has slightly decreased, which has weakened support for the SBR market. As of November 27th, the construction of semi steel tires by domestic tire companies has reached around 68%; The construction of all steel tires by tire companies in Shandong region has reached about 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 has weak support for SBR. Overall, it is expected that the SBR market will fluctuate and consolidate in the later stage.

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