Recently (12.15-12.23), the SBR market has seen a narrow consolidation. According to the Commodity Market Analysis System of SunSirs, as of December 23, the price of SBR in the East China market was 14,908 RMB/ton, a decrease of 0.22% from 14,941 RMB/ton on December 15. The price of raw material butadiene continues to rise, while the price of styrene slightly decreases, providing support for the cost of SBR. Downstream all steel tire production has slightly increased; The production of SBR has slightly increased. The supply price of SBR has been raised, and as of December 23, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 14,850-15,200 RMB/ton.

Recently (12.15-12.23), the raw material butadiene has continued to rise, while the price of styrene has slightly decreased, providing support for the cost of SBR. According to the Commodity Market Analysis System of SunSirs, as of December 23, the price of butadiene was 10,837 RMB/ton, an increase of 3.71% from 10,450 RMB/ton on December 15; As of December 23rd, the price of styrene was 8,846 RMB/ton, a decrease of 0.83% from 8,920 RMB/ton on December 15th.

Supply and demand side: Downstream tires mainly provide essential support for the SBR market. As of December 20th, the operating load of semi steel tires in domestic tire enterprises is around 79%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 62% of the load.

From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR is supported; The production of SBR has slightly increased, and the expected supply pressure has slightly increased; The current downstream all steel tire production has slightly increased, and overall, due to the impact of costs and supply and demand, it is expected that the SBR market will mainly consolidate in the later period.

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