SunSirs: China SBR Market has Slightly Risen

Recently (8.25-9.1), the SBR market has seen a slight increase. According to the Commodity Market Analysis System of SunSirs, as of September 1st, the price of SBR in the East China market was 12,500 RMB/ton, an increase of 2.04% from 12,250 RMB/ton on August 25th. The price of raw material butadiene has stabilized at a high level, while the price of styrene has slightly decreased, providing support for the cost of SBR. Downstream tire production has fluctuated slightly, providing support for the rigid demand of SBR; The production of SBR is basically stable, with little supply pressure. As of September 1st, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 12,400-12,600 RMB/ton.

Recently (8.25-9.1), the price of raw material butadiene has slightly increased, while the price of styrene has narrowed, and the cost support of SBR continues. According to the Commodity Market Analysis System of SunSirs, as of September 1st, the price of butadiene was 9,350 RMB/ton, an increase of 0.18% from 9,333 RMB/ton on August 25th; As of September 1st, the price of styrene was 7510 RMB/ton, a decrease of 1.50% from 7,624 RMB/ton on August 25th.

Recently (8.25-9.1), the production of domestic SBR plants has remained stable at around 68%. The four production lines of Fushun Petrochemical's 200,000 tons/year SBR plant have been shut down for maintenance since August 15th.

Supply and demand side: Recently (8.25-9.1), downstream tire production has slightly improved, providing strong support for the demand in the SBR market. As of August 29th, the construction of semi steel tires by domestic tire companies has slightly increased to around 75%; The production of all steel tires by tire companies in Shandong Province has slightly decreased to around 63%.

From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR still has support; The production of SBR is basically stable; The downstream tire industry provides strong support for SBR. The peak season is approaching, and overall, it is expected that the SBR market will fluctuate and rise in the later period.

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