Recently (July 1st to July 9th), the SBR market has experienced narrow fluctuations. According to the Commodity Market Analysis System of SunSirs, as of July 9th, the price of SBR in the East China market was 15,350 RMB/ton, a decrease of 0.90% from 15,490 RMB/ton on June 24th. The raw material butadiene remains strong at a high level, while the price of styrene has narrowed. The cost support for SBR remains strong. Downstream tire production is temporarily stable, but there is resistance to high priced sources of SBR; The production of SBR remains low, and there is not much inventory pressure on enterprises. As of the 9th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China was around 15,200-15,700 RMB/ton.

Recently (July 1st to July 9th), the raw material butadiene has remained strong at a high level, while the price of styrene has narrowed down. The cost support for SBR remains strong. According to the Commodity Market Analysis System of SunSirs, as of July 9th, the price of butadiene was 13,725 RMB/ton, an increase of 0.18% from 13,700 RMB/ton on July 1st; As of July 9th, the price of styrene was 9468 RMB/ton, an increase of 0.37% from 9,433 RMB/ton on July 1st.

Recently (July 1st to July 9th), the overall operation rate of domestic SBR plants has remained around 5.9%.

Supply and demand side: Downstream tire production is temporarily stable, with demand facing strong support from the SBR market. Downstream inquiries are resistant to high priced sources, and SBR prices are consolidating at a high level. As of July 7th, the operating load of semi steel tires for domestic tire enterprises is around 79%; The operating load of all steel tires for tire enterprises in Shandong region is about 62%.

Future Market Forecast: From a fundamental perspective, analysts from SunSirs believe that the high level of raw material butadiene is strong, and the cost support for SBR is strong; 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 is temporarily stable, but there is resistance to high priced sources. Overall, the SBR market is expected to consolidate at a high level in the short term.

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