SunSirs: The Market Situation of SBR Surges and Consolidates after the National Holidays

https://www.chemnet.com   Oct 14,2024 SunSirs

Recently (10.1-10.12), the market situation of SBR surged and consolidated after the National Holidays. According to the Commodity Market Analysis System of SunSirs, as of October 12th, the price of SBR in the East China market was 17,066 RMB/ton, an increase of 2.71% from 16,616 RMB/ton on October 1st, and a decrease of 0.19% from the high point of 17,100 RMB/ton during the cycle. The price of raw material butadiene has fallen from a high level, while the price of styrene has surged and fallen. The cost of SBR still has some support. Downstream all steel tire starts low level operation; The overall production of SBR remains low. The supply price of SBR has been raised after the holiday, and as of October 12th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 16,900-17,20 0RMB/ton.

Recently (10.1-10.12), the prices of raw materials such as butadiene have fallen from high levels, while the prices of styrene have surged and fallen. The cost of SBR still has support. According to the Commodity Market Analysis System of SunSirs, as of October 12th, the price of butadiene was 13,437 RMB/ton, a decrease of 1.92% from 13,700 RMB/ton on October 1st; As of October 12th, the price of styrene was 9010 RMB/ton, an increase of 0.94% from 8,926 RMB/ton on October 1st, and a decrease of 1.57% from the high point of 9,154 RMB/ton during the cycle.

Supply and demand side: Downstream all steel tire production is at a low level, and demand is mainly supported by the rigid demand of the SBR market. As of October 10th, 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 4.20%, which is still at a low level.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR still has support; The production of SBR remains low, and the pressure on the supply side of SBR is not significant; At present, the downstream all steel tire production is at a low level, and overall, there is a risk that the SBR market may continue to decline at a high level in the short term.

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