SunSirs: China SBR Market Rose slightly

The market of SBR rose slightly last week (11.4-11.11). According to the monitoring of SunSirs, as of November 11, the price of domestic SBR was 10,858 RMB/ ton, 2.04% higher than that of last Friday's 10,641 RMB/ ton. Last week, the ex factory price of two barrels of oil SBR was temporarily stable. According to the monitoring of SunSirs, as of November 11, the ex factory price of Fushun SBR 1502 of PetroChina Northeast Sales Company was 10,500 RMB/ ton. Downstream inquiries increased, business offers increased slightly, and market deals dominated by small orders. As of November 11, the market offer of SBR 1502 was 10,750-11,000 RMB/ ton.

Last week (11.4-11.11), the prices of raw butadiene and styrene fell, and the cost side dragged down the SBR market. According to the monitoring of SunSirs, as of November 11, the price of butadiene was 6,603 RMB/ ton, down 7.60% from 7,145 RMB/ ton on the previous Friday; As of November 11, the price of styrene was 7,975 RMB/ ton, down 2.30% from 8,162 RMB/ ton on the previous Friday.

Last week, the SBR plant was basically started stably, and Li Changrong shut down the 50,000 t/a SBR plant for maintenance; Later, Zhejiang Weitai plans to stop for maintenance at the end of the month.

The natural rubber market rose slightly last week (11.4-11.11), supporting SBR. According to the monitoring of SunSirs, as of November 11, the price of natural rubber was 11,800 RMB/ ton, up 1.64% from 11,610 RMB/ ton on the previous Friday.

The demand side is still weak. The commencement of downstream tire enterprises in November continued to decline, and the demand side is not supported by SBR. According to SunSirs, the construction of semi steel tires in Shandong is less than 60%, and that of full steel tires is around 50%.

SunSirs analysts believe that the cost is lower; Inquiries in the downstream have increased with the decline of prices, but the overall commencement is still declining; Supply is still loose in the short term; It is expected that China SBR will be weak in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.