SunSirs: Cost Downward, China SBR Market Trends First Rise and Then Fall in October

https://www.chemnet.com   Nov 01,2024 SunSirs

The market situation of SBR in October first rose and then fell. According to the Commodity Market Analysis System of SunSirs, as of October 31, the price of SBR in the East China market was 16,166 RMB/ton, a decrease of 2.71% from the beginning of the month at 16616 RMB/ton and a decrease of 5.46% from the high point of 17,100 RMB/ton during the month. The prices of raw materials butadiene and styrene have decreased, and the cost support for SBR has weakened. The downstream tire production is basically stable, providing strong support for the demand for SBR; The production of SBR is at a low level, and the inventory pressure of enterprises is not significant. The supply price of SBR has been gradually reduced within the month, and as of the 31st, the mainstream market price of SBR in East China is 16,050-16,350 RMB/ton.

The prices of raw materials butadiene and styrene fell in October, and the cost support for SBR weakened. According to the Commodity Market Analysis System of SunSirs, as of October 31st, the price of butadiene was 12,325 RMB/ton, a decrease of 10.04% from 13,700 RMB/ton at the beginning of October; As of October 31st, the price of styrene was 8,830 RMB/ton, a decrease of 1.03% from 8,926 RMB/ton at the beginning of the month.

Supply and demand side: Since October, downstream tire production has remained stable with slight fluctuations, and demand is supported by the rigid demand of the SBR market. As of October 25th, 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 support for SBR is weakening; The production of SBR has slightly increased and maintained a low level, and the pressure on the supply side of SBR is not significant; The current downstream tire production is stable with slight fluctuations, and overall, the short-term market trend of SBR is mainly focused on consolidation within the market range.

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

 Print  |    add to Favorites  |    Close