SunSirs: The Market Situation of China SBR is Weak and Declining
November 16 2023 10:07:27 SunSirs (Selena)
In the recent period (11.1-11.13), the market situation of SBR has been weak and declining. According to the Commodity Market Analysis System of SunSirs, as of November 13th, the price of SBR in the East China market was 12,175 RMB/ton, a decrease of 3.28% from 12,583 RMB/ton at the beginning of the month. During the cycle, the factory price of SBR has decreased. According to the Commodity Market Analysis System of SunSirs, as of November 13th, Sinopec North China Sales Company's Qilu styrene butadiene 1502 factory report was 11,900 RMB/ton.
Recently (11.1-11.13), the price of raw material butadiene has slightly increased, the price of styrene has slightly decreased, and the cost support for SBR has slightly weakened. According to the Commodity Market Analysis System of SunSirs, as of November 13th, the price of butadiene was at 9,546 RMB/ton, an increase of 0.32% from the 9,516 RMB/ton at the beginning of the month. As of November 13th, the price of styrene was at 8,616 RMB/ton, a decrease of 1.90% from 8,783 RMB/ton at the beginning of the month.
Demand side: Since November, the construction of all steel tires has slightly declined, with cautious procurement of new orders and flat market transactions. The demand for rubber support is stable and weak. It is understood that as of early November 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.3%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.3%.
SunSirs analysts believe that the cost support for SBR is weak, coupled with the overall weak downstream inquiries and relatively loose supply of SBR, it is expected that the price of SBR will be weak in the future.
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