SunSirs: China SBR Market is Weak and Declining

https://www.chemnet.com   Nov 20,2024 SunSirs

Recently (11.11-11.18), the market for SBR has been weak and declining. According to the Commodity Market Analysis System of SunSirs, as of November 18th, the price of SBR in the East China market was 15,333 RMB/ton, a decrease of 2.18% from 15,675 RMB/ton on November 11th. The prices of raw materials butadiene and styrene have decreased, and the cost center of SBR has shifted downwards. The downstream all steel tire production is basically stable; The production of SBR has slightly increased, leading to a slight increase in supply pressure. The supply price of SBR has been lowered, and as of November 18th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 14,950-15,400 RMB/ton.

Recently (11.11-11.18), the raw material butadiene has significantly decreased, and the price of styrene has slightly decreased, causing the cost center of SBR to shift downward. According to the Commodity Market Analysis System of SunSirs, as of November 18th, the price of butadiene was 10,162 RMB/ton, a decrease of 7.09% from 10,937 RMB/ton on November 11th; As of November 19th, the price of styrene was 8,834 RMB/ton, a decrease of 0.29% from 8,860 RMB/ton on November 11th.

Supply and demand side: Downstream tire production is basically stable, and demand is mainly supported by the rigid demand of the SBR market. As of November 15th, 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%.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR is decreasing; The production of SBR has slightly increased, and the pressure on the supply side of SBR has slightly increased; At present, the downstream tire production is basically stable. Overall, due to the impact of costs and supply and demand, it is expected that the SBR market will mainly consolidate weakly 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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