SunSirs: Costs Rise, Production Remain Low, China SBR Market is on the Rise

https://www.chemnet.com   Aug 30,2024 SunSirs

Recently (8.15-8.29), the market for styrene butadiene rubber has risen. According to the Commodity Market Analysis System of SunSirs, as of August 29th, the price of styrene butadiene rubber in the East China market was 15,416 RMB/ton, an increase of 3.41% from 14,908 RMB/ton on August 15th. Raw material butadiene rises, styrene prices fluctuate slightly, and the cost support for styrene butadiene rubber strengthens. Downstream tire production has slightly rebounded; The overall production of styrene butadiene rubber remains low. In August, the supply price of styrene butadiene rubber has gradually increased. As of August 29th, the mainstream market price for styrene butadiene rubber in Fushun, Jihua, Yangzi, and Qilu in East China is around 15,200-15,600 RMB/ton.

Recently (8.15-8.29), the price of raw material butadiene has risen and the price of styrene has fluctuated slightly, which is supported by the strong cost of styrene butadiene rubber. According to the Commodity Market Analysis System of SunSirs, as of August 29th, the price of butadiene was 12,925 RMB/ton, an increase of 4.02% compared to 12,425 RMB/ton on August 15th; As of August 29th, the price of styrene was 9,390 RMB/ton, a decrease of 0.42% from 9,430 RMB/ton on August 15th, with a narrow range of fluctuations overall.

Supply and demand side: With the support of domestic policies to promote automobile consumption, the downstream tire industry has maintained a stable and positive trend. The production of all steel tires has rebounded compared to the previous period, and demand is facing the urgent support of the styrene butadiene rubber market. As of August 23rd, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The operating load of all steel tires in tire enterprises in Shandong region is about 5.8%.

From a fundamental perspective, analysts from SunSirs believe that the current cost of styrene butadiene rubber is strongly supported; The production of styrene butadiene rubber remains low, and the pressure on the supply side of styrene butadiene rubber is not significant; The current downstream tire production has slightly increased; Overall, the market for styrene butadiene rubber is expected to remain strong at high levels in the short term.

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

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