Recently (9.10-9.20), the market for SBR has risen. According to the Commodity Market Analysis System of SunSirs, as of September 20th, the price of SBR in the East China market was 16458 RMB/ton, an increase of 5.39% from 15,616 RMB/ton on September 10th. The price of raw material butadiene has risen, while the price of styrene has slightly adjusted, supported by the cost of SBR. Downstream tire production is stable; The overall production of SBR remains low. The supply price of SBR remains strong, with the mainstream market price for 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China as of September 20th ranging from 16,350 to 16,700 RMB/ton.

Recently (9.10-9.20), the price of raw material butadiene has risen, while the price of styrene has slightly adjusted, supporting the cost of SBR. According to the Commodity Market Analysis System of SunSirs, as of September 20th, the price of butadiene was 13,512 RMB/ton, an increase of 4.44% from 12,937 RMB/ton on September 10th; As of September 20th, the price of styrene was 9,256 RMB/ton, a decrease of 0.62% from 9,314 RMB/ton on September 10th.

Supply and demand side: The downstream tire industry has seen a slight decline in production, with demand mainly supported by the rigid demand of the SBR market. As of September 6th, the operating load of semi steel tires in domestic tire enterprises was around 77%; The operating load of all steel tires in tire enterprises in Shandong region is about 57%.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR will continue to be supported; The production of SBR remains low, and the pressure on the supply side of SBR is not significant; The current downstream tire production has slightly decreased, and the market has a strong fear of high prices; Overall, the short-term market trend of SBR is mainly dominated by high-level consolidation.

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