Last week (10.17-10.24), the market of SBR declined. According to the monitoring of SunSirs, as of October 24, the domestic price of SBR was 11,308 RMB/ ton, down 3.21% from 11,683 RMB/ ton last Monday. On October 19, the ex factory price of two barrels of oil SBR was lowered. According to the monitoring of SunSirs, as of October 23, the ex factory price of Fushun SBR 1502, a northeast sales company of CNPC, had been quoted at 11,200 RMB/ ton, and the offer of merchants had gradually declined. As of October 24, the market offer of SBR 1502 was between 11,200 RMB/ ton and 11,500 RMB/ ton. Both demand and cost have weakened, which has a negative impact on SBR.

Last week (10.17-10.24), the prices of raw butadiene and styrene fell, and the cost was weak against the support of SBR. According to the monitoring of SunSirs, as of October 24, the price of butadiene was 7,608 RMB/ ton, 1.95% lower than that of 7,775 RMB/ ton last Monday; As of October 24, the price of styrene was 8,650 RMB/ ton, down 1.70% from 8,800 RMB/ ton last Monday.

Last week (10.17-10.24), the natural rubber market declined slightly, and the support for SBR was weak. According to the monitoring of SunSirs, as of October 24, the price of natural rubber was 11,720 RMB/ ton, down 3.38% from 12,130 RMB/ ton last Monday.

The demand side is weak. The downstream tire enterprises started to decline in October, and the demand side is not supported by SBR. In order to reduce risks, merchants often follow the sales and purchase.

SunSirs analysts believe that the support for cost and demand of SBR is weak, and the supply is loose. It is expected that China SBR will continue to operate weakly in the short term.

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