SunSirs: China SBR Market Fell Last Week
December 17 2020 11:14:03 SunSirs (Selena)
According to the data monitoring of SunSirs, the domestic styrene butadiene rubber market retreated and fell last week, with the price at 12216.67 RMB/ ton at the beginning of the week and 11958.33 RMB/ ton at the weekend, down 2.11% as a whole.
Last week, the ex-factory price of domestic SBR and petrochemical manufacturers was lowered 200-300 RMB/ ton. As of December 11, the ex-factory price of 1502 SBR of PetroChina Northeast was reported to be 11,900 RMB/ ton. Traders offer down, the overall market price fell. At present, Qilu, Jihua, Yangzi, Fushun, Yibang and other units are in normal operation; Bridgestone plant is shut down. The downstream tire market continued to rise slightly, and the start of all steel tire was around 75%, which still supported rubber.
Butadiene and styrene prices fell last week, the cost side is strong. According to the monitoring of SunSirs, as of December 11, the price of butadiene was 9,490 RMB/ ton, slightly down 3.71% from 9,856 RMB/ ton at the beginning of the week; as of December 11, the price of styrene was at 7,550 RMB/ ton, down 6.40% from 8,066 RMB/ ton at the beginning of the week.
On the demand side, at present, the downstream tire operating rate continues to maintain above 70%, and the tire raw material storage cycle is around 20 days, which still has strong support for SBR.
SunSirs snalysts believe that although the demand side is not reduced, the cost side is lower and the support for SBR is weakened. It is expected that China SBR market will usher in a short-term adjustment in the short term.
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