Recently (1.1-1.26), the market for styrene butadiene rubber has seen a significant increase. According to the Commodity Market Analysis System of SunSirs, as of January 26th, the price of SBR in the East China market was 12,883 RMB/ton, an increase of 11.30% from 11,575 RMB/ton at the beginning of the month. The prices of raw materials butadiene and styrene have significantly increased, which greatly supports the cost of SBR. Downstream tire production has slightly increased, providing support for the demand for SBR; The production of SBR has slightly increased, and the market trend has risen significantly driven by costs, but downstream inquiries are slightly cautious. As of January 26th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 12,750-13,050 RMB/ton.

Recently (1.1-1.26), the prices of raw materials butadiene and styrene have significantly increased, supported by the strong cost of SBR. According to the Commodity Market Analysis System of SunSirs, as of January 26th, the price of butadiene was 10,733 RMB/ton, an increase of 28.80% from 8,333 RMB/ton at the beginning of the month; As of January 26th, the price of styrene was 7,754 RMB/ton, an increase of 14.70% from 6,760 RMB/ton at the beginning of the month.

Recently (1.1-1.26), the construction of domestic SBR plants has slightly increased to around 83%.

Supply and demand side: Since early January (1.1-1.26), downstream tire production has slightly increased, providing essential support for the SBR market. As of January 26th, the construction of semi steel tires by domestic tire companies has increased from 67% at the beginning of the month to around 75%; The construction of all steel tires by tire enterprises in Shandong region has increased from 58% at the beginning of the month to about 63%.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the current cost support for SBR is strong, and the overall supply and demand are weak. It is expected that the SBR market will mainly fluctuate at a high level in the short term.

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