SunSirs: China SBR Market Rose and Fell with a Narrow Consolidation in April

https://www.chemnet.com   May 06,2024 SunSirs

　　According to the commodity market analysis system of SunSirs, as of April 30th, the price of butadiene benzene 1502 was at 13,416 RMB/ton, a decrease of 0.06% from 13,425 RMB/ton at the beginning of the month, and the highest point in the cycle was 13,533 RMB/ton.

　　In April, SBR slightly decreased, and there was not much pressure on the supply side; Downstream tire production has slightly declined, with on-demand inquiries for the SBR market and slightly weaker support for rigid demand; The prices of raw materials such as butadiene and styrene have slightly increased, while the cost support for SBR remains strong. The market for SBR is supported by costs and demand, but as marginal demand weakens, the high price of SBR has slightly fallen.

　　In April, the prices of butadiene and styrene raw materials for SBR slightly increased, supporting the cost side of SBR.

　　According to the Commodity Market Analysis System of SunSirs, as of April 30th, the price of butadiene was 11,712 RMB/ton, an increase of 1.63% from 11,525 RMB/ton at the beginning of the month; As of April 30th, the price of styrene was 9,637 RMB/ton, an increase of 3.16% from 9,342 RMB/ton at the beginning of the month.

　　Demand side: Downstream tire production has slightly weakened, weakening support for SBR. It is understood that as of the end of April, the operating load of semi steel tires in domestic tire enterprises was around 80%; The production of all steel tires by tire companies in Shandong region increased from 6.8% at the beginning of the month to around 7.1% in the middle of the month, and then continued to decline to 6.4% at the end of the month; Downstream customers tend to stock up on demand, resulting in lackluster market transactions.

　　SunSirs analysts believe that the prices of raw materials such as butadiene and styrene are operating at high levels, and the cost of SBR is currently supported strongly; In addition, the production of SBR is at a low level, and the pressure on the supply side of SBR is not high; The current downstream production of all steel tires has slightly decreased, while the production of half steel tires is at a high level, providing weak support for the rigid demand for SBR. Overall, the SBR market may consolidate in the future.

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