SunSirs: China SBR Market first Rose and then Fell, with Narrow Consolidation
September 26 2023 09:57:52 SunSirs (Selena)
In the recent period (9.15-9.22), the market for SBR rose first and then fell, with a narrow range of consolidation. According to the Commodity Market Analysis System of SunSirs, as of September 22, the price of SBR in the East China market was 13,550 RMB/ton, an increase of 0.31% from last Friday's 13,508 RMB/ton, reaching a peak of 13,633 RMB/ton during the cycle. During the cycle, the factory price of SBR has temporarily stabilized. According to the Commodity Market Analysis System of SunSirs, as of September 22, Sinopec North China Sales Company's Qilu SBR 1502 factory report was 13,700 RMB/ton.
Recently (from September 12th to September 22nd), the price of raw material butadiene has slightly increased, the price of styrene has weakened and decreased, and the cost center of SBR has decreased. According to the Commodity Market Analysis System of SunSirs, as of September 22, the price of butadiene was 8,747 RMB/ton, an increase of 1.01% from last Friday's 8,660 RMB/ton. As of September 22nd, the price of styrene was at 9,550 RMB/ton, a decrease of 3.41% from last Friday's 9,887 RMB/ton.
The tire operating rate is basically stable, with rubber as the main support. It is understood that as of mid September 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.4%; The operating load of semi steel tires in domestic rubber tire enterprises is 7.2%, which forms a certain support for SBR.
Future Market Forecast: SunSirs analysts believe that the cost of SBR has slightly weakened, and downstream demand has some strong support. The supply of SBR has increased slightly in the near future, and it is expected that the price of SBR will fluctuate at a high level in the future.
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