SunSirs: BR Market Rose Slightly (9.14-9.21)
http://www.chemnet.com Sep 22,2022 SunSirs
This week (9.14-9.21) BR market rose slightly. According to the monitoring of SunSirs, as of September 21, the domestic price of BR was 13,020 RMB/ton, a slight increase of 0.39% from last Wednesday's 12,970 RMB/ton.
Sichuan Petrochemical's 150,000 t/a BR unit was overhauled for a short period of time, TSRC's U-Bloc was shut down for maintenance, and Haopu and Zhenhua’s units were operated with reduced load. The short-term supply pressure was relieved, and the supply side formed support for BR. However, at present, the operating rate of downstream tires in the traditional peak season of "Golden September, Silver October" has not increased much, and the demand is mainly based on rigid demand, and the support on the demand side is not ideal; the price of butadiene is rising, and the cost side continues to support. As of the 21st, the ex-factory price of 'two barrels of oil' BR was stable, and the ex-factory price of Sinopec North China Sales Company Qilu BR was implemented at 12,600 RMB/ton.
At present, the domestic BR plant starts slightly lower, and the supply side has eased in the short term.
This week (9.14-9.21) the butadiene market went up, and the cost side had support for BR. According to the monitoring of SunSirs, as of September 21, the price of butadiene was 9,164 RMB/ton, an increase of 1.75% from last Wednesday's 9,006 RMB/ton.
This week, the natural rubber market rose slightly, but the price was lower than that of BR, and the support for BR was insufficient. According to the monitoring of SunSirs, as of September 21, the price of natural rubber was 12,120 RMB/ton, an increase of 1.37% from last Wednesday's 11,956 RMB/ton.
Analysts of SunSirs believe that the supply pressure of the BR production chain is eased at present, the demand side has weak support, and the cost side is rising. It is expected that the price of BR may continue to rise in the later period.