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SunSirs: SBR Market Rose Slightly

February 22 2023 11:22:24     SunSirs (John)

Price trend

The SBR market rose slightly this week (2.10-217). According to the monitoring of SunSirs, the domestic price of SBR was 11,866 RMB/ton as of February 17, up 2.08% from the price of 11,625 RMB/ton on February 10. The ex-factory price of SBR increased by 200~300 RMB/ton this week. According to the monitoring of SunSirs, as of February 17, Sinopec North China Sales Company Qilu Petrochemical's SBR 1502 ex-factory price was 11,900 RMB/ton. The price of raw material butadiene rose and the price of styrene fell this week. SBR was still supported by the cost. The operating rate of downstream tires rose, and which had rigid support for SBR, and the merchants' offer rose slightly. As of the 17th, the mainstream offer of SBR 1502 market was 11,750~12,050 RMB/ton.

Analysis review

This week (2.10-217), the price of raw material butadiene rose slightly, and the price of styrene fell slightly. The cost of styrene butadiene rubber still had support. According to the monitoring of SunSirs, the price of butadiene was 9,868 RMB/ton as of February 17, up 3.68% from the price of 9,518 RMB/ton on February 10; As of February 17, the price of styrene was 8,391 RMB/ton, down 1.08% from the price of 8,483 RMB/ton on February 10.

This week (2.10-217), the start of SBR was basically stable.

This week (2.10-217), the natural rubber market was in a narrow range of consolidation, and the impact on SBR was negative. According to the monitoring of SunSirs, the price of natural rubber was 12,000 RMB/ton as of February 17, up 0.08% from the price of 11,990 RMB/ton on last Friday.

Recently, the operating rate of downstream tires had increased significantly, and the demand had strong support for SBR. It is understood that as of February 10, 2023, the starting load of all steel tires of rubber tire enterprises in Shandong Province was 61.92%, 53.31% higher than that of the same period last year. The starting load of semi-steel tire of domestic rubber tire enterprises was 68.00%, 47.51% higher than that of the same period last year.

Market outlook

Analysts from SunSirs believe that the supply of SBR was stable, and the inventory of downstream raw materials was gradually consumed. With the high start of tire construction, the demand for SBR will increase in the later stage. It is expected that SBR will continue to rise in the later stage.

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

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