In the first half of July, the market of SBR recovered and prices rose. According to the commodity market analysis system of SunSirs, as of July 15, the price of SBR in East China market was 11,833 RMB/ton, up 4.49% from 11,325 RMB/ton at the beginning of the month. The ex factory price of SBR has been raised for many times during the cycle. According to the commodity market analysis system of SunSirs, as of July 15, the ex factory price of Qilu styrene butadiene 1502 of Sinopec North China Sales Company was 11,800 RMB/ton. During the cycle, the prices of raw materials butadiene and styrene increased significantly, and the cost focus of SBR increased; The construction of downstream tires increased slightly, and the demand for SBR supported a small increase. The basic operation of SBR industrial chain has improved. As of December 15, the mainstream offer of SBR 1502 in the domestic market was 11,750-12,200 RMB/ton.

In the first half of the month, the prices of raw materials butadiene and styrene rose sharply, and the cost focus of SBR rebounded. According to the Commodity Market Analysis System of SunSirs, as of July 15th, the price of butadiene was 6,781 RMB/ton, an increase of 13.53% from 5,973 RMB/ton at the beginning of the month; As of July 15th, the price of styrene was 7,850 RMB/ton, an increase of 9.10% from 7,195 RMB/ton at the beginning of the month.

The natural rubber market rose slightly, but the price was low, and the support for SBR was weak. According to the Commodity Market Analysis System of SunSirs, as of July 15th, the price of natural rubber was 12,150 RMB/ton, an increase of 2.88% from last Monday's 11,810 RMB/ton.

In the first half of the month, the tire operating rate gradually increased slightly, and the demand for rubber just needed support slightly improved. It is understood that as of mid July 2023, the operating load of rubber tire enterprises in Shandong Province is 6.3% for all steel tires and around 7.2% for half steel tires.

Future market forecast: business community analysts believe that the cost support of SBR is stronger, and the downstream demand needs support to some extent. In addition, the supply pressure of SBR is not large in the near future; It is expected that the price of SBR will be firm in the short term, and in the medium and long term, it is still necessary to pay attention to the demand support.

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