SunSirs: China SBR Market has seen a Slight Upward Trend

https://www.chemnet.com   Sep 11,2024 SunSirs

Recently (9.1-9.10), the SBR market has seen a slight upward trend. According to the Commodity Market Analysis System of SunSirs, as of September 10th, the price of SBR in the East China market was 15,616 RMB/ton, an increase of 0.70% from 15,508 RMB/ton on September 1st. The prices of raw materials butadiene and styrene have slightly adjusted, supported by the cost of SBR. Downstream tire production is stable; The overall production of SBR remains low. The supply price of SBR remains strong, with the mainstream market price for 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China as of September 10th being around 15,550-15,900 RMB/ton.

Recently (9.1-9.10), the prices of raw materials butadiene and styrene have slightly adjusted, supported by the cost of SBR. According to the Commodity Market Analysis System of SunSirs, as of September 10th, the price of butadiene was 12,937 RMB/ton, an increase of 0.10% from 12,925 RMB/ton on September 1st; As of September 10th, the price of styrene was 9,314 RMB/ton, a decrease of 1.08% from 9,416 RMB/ton on September 1st.

Supply and demand side: With the support of domestic policies to promote automobile consumption, the downstream tire industry has maintained stable production, and demand is facing the urgent support of the SBR market. As of September 6th, the operating load of semi steel tires in domestic tire enterprises is around 79%; The operating load of all steel tires in tire enterprises in Shandong region is about 59%.

From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR will continue to be supported; The production of SBR remains low, and the pressure on the supply side of SBR is not significant; The overall stability of downstream tire production is currently stable; Overall, the market for SBR is expected to remain strong at high levels in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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