SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > SBR News > News Detail
SBR News
SunSirs: China SBR Market Rose slightly Last Week
September 26 2022 11:10:21SunSirs(Selena)

Last week (9.16-9.23), the market of SBR rose slightly. According to the monitoring of SunSirs, as of September 23, the price of domestic SBR was 11,830 RMB/ ton, a slight increase of 0.75% compared with 11,741 RMB/ ton last Friday. Last week, the ex factory price of two barrels of oil SBR was basically stable. According to the monitoring of the business community, as of September 23, the ex factory price of Fushun SBR 1502, a northeast sales company of CNPC, had been quoted at 11,800 RMB/ ton. Business offers were firm, and as of September 23, the market price of SBR 1502 had been quoted at 11,700-12,200 RMB/ ton.

Last week, the raw material butadiene fell slightly and the styrene rose slightly, but since September, the raw material price has risen as a whole, and the cost of SBR is still supported.

Last week, butadiene decreased slightly, styrene increased slightly, and the cost of SBR remained supportive. According to the monitoring of the business community, as of September 23, the price of butadiene was 8,937 RMB/ ton, down 1.74% from 9,096 RMB/ ton last Friday, and up 3.18% from 8,662 RMB/ ton at the beginning of the month; As of September 23, the price of styrene was 9,750 RMB/ ton, up 0.26% from 9,725 RMB/ ton last Friday, and up 7.44% from 9,075 RMB/ ton at the beginning of the month.

The natural rubber market rose slightly last week, supporting SBR. According to the monitoring of the business community, the price of natural rubber was 12,152 RMB/ ton as of September 23, up 0.43% from 12,100 RMB/ ton last Friday.

Since September, the commencement of downstream tire enterprises has not seen a significant increase. They have made a small stock of SBR. The demand for SBR has some support, but the strength is not great. In addition, the domestic tire output from January to August declined year on year, and the overall demand was weaker than last year. According to the latest data released by the National Bureau of Statistics, in August 2022, China's output of rubber tire casings was 72.265 million, down 2.2% year on year. From January to August, the output of rubber tire casing decreased by 5.6% to 56,422.1 million pieces compared with the same period last year.

SunSIrs analysts believe that the cost of SBR is still supported; However, the downstream commencement has not seen a significant increase. It is expected that SBR in China will fluctuate in a narrow range in the short term, and the downstream commencement improvement will be followed.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products