SunSirs: China SBR Market Price Rose slightly
https://www.chemnet.com Nov 21,2022 SunSirs
The market of styrene butadiene rubber (SBR) rose slightly last week (11.11-11.18). According to the monitoring of SunSirs, as of November 18, the price of domestic SBR was 10,891 RMB/ ton, a slight increase of 0.30% compared with 10,858 RMB/ ton last Friday. Last week, the ex factory price of two barrels of oil SBR slightly increased by 100 RMB/ ton. According to the monitoring of SunSirs, as of November 18, the ex factory price of Fushun SBR 1502, PetroChina Northeast Sales Company, was 10,700 RMB/ ton. Inquiries in the downstream increased, and the offer of some merchants increased slightly. The market transaction was dominated by small orders. As of the 18th, the market offer of SBR 1502 was 10,750-11,000 RMB/ ton.
Last week (11.11-11.18), the prices of raw materials butadiene and styrene rose, and the cost of SBR rose. According to the monitoring of SunSirs, as of November 18, the price of butadiene was 6,837 RMB/ ton, up 3.55% from 6,603 RMB/ ton last Friday; As of November 18, the price of styrene was 8,162 RMB/ ton, up 2.35% from 7,975 RMB/ ton last Friday.
Last week, the SBR plant started to operate stably, and Li Changrong shut down the 50,000 t/a styrene butadiene plant for maintenance; Later, Zhejiang Weitai planned to stop for maintenance in late November.
The natural rubber market rose slightly last week (11.11-11.18), with weak support for SBR. According to the monitoring of SunSirs, as of November 18, the price of natural rubber was 12,030 RMB/ ton, up 1.95% from 11,800 RMB/ ton last Friday.
The demand side is still weak. In November, the construction of downstream tire enterprises remained low, and the demand side is weak in the support of SBR. According to SunSirs, the construction of semi steel tires in Shandong is about 60%, and that of full steel tires is about 50%.
Future market forecast: analysts from SunSirs believe that the cost will rise; Inquiries in the downstream have increased with the price decreasing, but the overall commencement is still at a low level; The supply side declined slightly in the later period; It is expected that SBR will be consolidated in China in the short term.