SunSirs: China SBR Market Rose slightly

Last week (6.12-6.19), the market of SBR rose slightly. According to the commodity market analysis system of SunSirs, as of June 19, the price of SBR in the domestic East China market was 11,225 RMB/ton, up 0.30% from 11,191 RMB/ton last Monday. During the period, the ex factory price of SBR was temporarily stable. According to the commodity market analysis system of SunSirs, as of June 19, the ex factory price of Qilu styrene butadiene 1502 of Sinopec North China Sales Company was 11,000 RMB/ton. During the cycle, the prices of butadiene and styrene as raw materials decreased slightly, and the cost focus of SBR moved downward; The construction of downstream tires has been slightly improved, and the demand for SBR is limited. SBR industry chain has weak fundamentals. As of 19, the mainstream offer of SBR 1502 in the domestic market was 11,050-11,600 RMB/ton.

Last week (6.12-6.19), the prices of raw butadiene and styrene decreased slightly, and the cost focus of SBR moved down. According to the Commodity Market Analysis System of SunSirs, as of June 19th, the price of butadiene was 5,873 RMB/ton, a decrease of 7.03% from last Monday's 6,317 RMB/ton; As of June 19th, the price of styrene was 7,481 RMB/ton, a decrease of 2.77% from last Monday's 7,695 RMB/ton.

Last week (6.12-6.19), the SBR started slightly fluctuated. Due to the shutdown of some units for maintenance, the pressure on the SBR supply surface was slightly reduced.

Last week (6.12-6.19), the natural rubber market rose slightly but remained at a low level, with weak support for SBR. According to the Commodity Market Analysis System of SunSirs, as of June 19th, the price of natural rubber was 11,860 RMB/ton, an increase of 1.45% from last Monday's 11,690 RMB/ton.

The recent tire operating rate has slightly increased compared to the previous period, and there is a strong demand for rubber support. It is understood that as of mid June 2023, the operating load of rubber tire enterprises in Shandong Province is 6.4% for all steel tires and around 7.8% for half steel tires.

Future market forecast: business community analysts believe that the cost support of SBR is weak, but the downstream demand has some just to support, the price of natural rubber is still low, and the support for SBR is weak; It is expected that SBR will consolidate in a narrow range in the short term.

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