The recent weak consolidation of the SBR market (5.1-5.11). According to the Commodity Market Analysis System of SunSirs, as of May 11th, the price of SBR in the East China market was 13,441 RMB/ton, an increase of 0.19% from 13,416 RMB/ton on the 1st. The high price of raw material butadiene has been consolidated, while the high price of styrene has slightly fallen, and the cost of SBR continues to support. Downstream tire production has slightly decreased, resulting in weak support for the rigid demand for SBR; The production of SBR has been basically stable, and the inventory of enterprises has remained at a medium level. In addition, downstream procurement of high priced goods is cautious, resulting in a stable, moderate, and weak operation of the SBR market. As of the 11th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 13,200-13,700 RMB/ton.

Recently (5.1-5.11), the raw material butadiene has remained stable at a high level, while the price of styrene has slightly declined from its high level. The cost of SBR still has support. According to the Commodity Market Analysis System of SunSirs, as of May 11th, the price of butadiene was 11,712 RMB/ton, unchanged from the beginning of the month; As of May 11th, the price of styrene was 9,380 RMB/ton, a decrease of 1.57% from 9,530 RMB/ton on the 1st.

Supply and demand side: In recent times (5.1-5.11), downstream tire production has slightly declined, providing weak support for the rigid demand for SBR. It is understood that as of early May, the operating load of semi steel tires in domestic tire enterprises was around 7.8%; The operating load of all steel tires for tire enterprises in Shandong region has slightly increased to 63%; Downstream customers tend to stock up on demand, resulting in lackluster market transactions.

From a fundamental perspective, analysts from SunSirs believe that the high prices of raw materials such as butadiene and styrene will consolidate, and the cost of SBR will continue to support; The production of SBR is at a low level, and the pressure on the supply side of SBR is not high; The current downstream tire production has slightly declined, providing weak support for the rigid demand for SBR. Overall, the SBR market will continue to be weak in the later stage.

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