SunSirs: China SBR Market has Fallen from a High Level

https://www.chemnet.com   Oct 23,2024 SunSirs

Recently (10.12-10.22), the market situation of SBR has fallen from a high level. According to the Commodity Market Analysis System of SunSirs, as of October 22, the price of SBR in the East China market was 16,425 RMB/ton, a decrease of 3.76% from 17,066 RMB/ton on October 12. The price of raw material butadiene continues to fall, the price of styrene rises and falls, and the cost center of SBR shifts downward. Downstream all steel tire construction and consolidation; The overall production of SBR remains low. The supply price of SBR has been lowered, and as of October 22, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 16,400-16,700 RMB/ton.

Recently (10.12-10.22), the prices of raw materials butadiene and styrene have fallen, and the cost center of SBR has shifted downwards. According to the Commodity Market Analysis System of SunSirs, as of October 22, the price of butadiene was 13,162 RMB/ton, a decrease of 2.05% from 13,437 RMB/ton on October 12; As of October 22, the price of styrene was 8,744 RMB/ton, a decrease of 2.95% from 9,010 RMB/ton on October 12.

Supply and demand side: Downstream semi steel tires have remained stable at around 80%, and the production range of all steel tires has been consolidated. Demand is mainly supported by the rigid demand of the SBR market. As of October 16th, 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 60%.

From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR will slightly decrease; The production of SBR remains low, and the pressure on the supply side of SBR is not significant; At present, the downstream production of semi steel tires is stable, while the production of all steel tires has slightly increased. Overall, due to the impact of costs and supply and demand, it is expected that the SBR market will mainly fluctuate and consolidate 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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