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SunSirs: China SBR Market was Weak and Fell (February 1-5)

February 08 2021 13:31:18     SunSirs (Selena)

According to the data monitoring of SunSirs, the domestic styrene butadiene rubber market fell slightly last week (2.1-2.5), with the price at 12,700.00 yuan / ton at the beginning of the week and 12,691.67 yuan / ton at the weekend, a slight decline of 0.07%.

Last week, the ex-factory price of domestic SBR petrochemical manufacturers was stable. As of February 5, the ex-factory price of 1502 of Jilin Petrochemical Company of PetroChina Northeast sales company was 12,600 yuan / ton. Traders offer overall stable, individual slight adjustment, near the Spring Festival, market prices overall stable, market turnover light. The overall start-up of SBR plant was lower, which formed a support for SBR. Near the Spring Festival, the downstream market demand is flat. According to SunSirs, as of the end of January, the operating rate of semi steel tire manufacturers remained at 64.09%; the operating rate of all steel tire manufacturers was 66.55%, both lower than last week.

Butadiene fell slightly last week, styrene market price rose, the cost of SBR is still in the face of support. According to the monitoring of SunSirs, as of February 5, the butadiene price was 6,051 yuan / ton, down 0.08% from 6,056 yuan / ton at the beginning of the week; as of February 5, the styrene price was 7,183 yuan / ton, up 3.12% from 6,966 yuan / ton at the beginning of the week.

SunSirs analysts believe that the demand is weakening near the Spring Festival, but the supply side is still tight, and the support for SBR is still strong. It is expected that China SBR market will remain strong in the short term.

 

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