Last week (5.29-6.5), the styrene butadiene rubber market continued to be weak. According to the Commodity Market Analysis System of SunSirs, as of June 5, the domestic price of styrene butadiene rubber was 11,116 RMB/ton, a decrease of 2.98% from last Monday's 11,458 RMB/ton. During the cycle, the factory price of styrene butadiene rubber has been reduced by around 400 RMB/ton. According to the Commodity Market Analysis System of SunSirs, as of June 5, Sinopec North China Sales Company's Qilu styrene butadiene 1502 factory report was 11,000 RMB/ton. During the cycle, the price of raw material butadiene has decreased, while the price of styrene has slightly increased, resulting in a weaker cost side for styrene butadiene rubber; Downstream tire production fluctuated slightly, with limited support for demand for styrene butadiene rubber. The basic fundamentals of the styrene butadiene rubber industry chain are weak. As of June 5, the mainstream offer for styrene butadiene rubber 1502 in the domestic market was between 10,900 and 11,500 RMB/ton.
Last week (5.29-6.5), the raw material butadiene significantly decreased, the price of styrene slightly increased, and the cost of styrene butadiene rubber was relatively weak. According to the Commodity Market Analysis System of SunSirs, as of June 5, the price of butadiene was 6,378 RMB/ton, a decrease of 10.66% from last Monday's 7,140 RMB/ton; As of June 5, the price of styrene was 7,840 RMB/ton, an increase of 1.18% from last Monday's 7,748 RMB/ton.
Last week (5.29-6.5), the natural rubber market was weak and volatile, with weak support for styrene butadiene rubber. According to the Commodity Market Analysis System of SunSirs, as of June 5, the price of natural rubber was 11,690 RMB/ton, an increase of 0.43% from last Monday's 11,640 RMB/ton, and the low point during the cycle was 11,600 RMB/ton.
The tire operating rate fluctuated slightly last week (5.29-6.5), with limited demand for rubber support. It is understood that as of late May 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.4%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.1%.
SunSirs analysts believe that the cost support for styrene butadiene rubber is weak, coupled with limited downstream demand support, which has a relatively short impact on styrene butadiene rubber; And the price of natural rubber is still low, with weak support for styrene butadiene rubber; It is expected that SBR in China will operate weakly in the short term.
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