Recently (12.23-12.31), the SBR market has remained stable with slight consolidation. According to the Commodity Market Analysis System of SunSirs, as of December 31, the price of SBR in the East China market was 14,900 RMB/ton, a decrease of 0.06% from 14,908 RMB/ton on December 23. The price of raw material butadiene has been adjusted narrowly, while the price of styrene has slightly decreased, and the cost support for SBR has weakened. The downstream tire production is basically stable; The production of SBR has been slightly adjusted. The supply price of SBR has been lowered, and as of December 31, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 14,750-15,050 RMB/ton.

Recently (12.23-12.31), there has been a slight consolidation of raw material butadiene and a slight decrease in styrene prices, resulting in weakened cost support for SBR. According to the Commodity Market Analysis System of SunSirs, as of December 31, the price of butadiene was 10,800 RMB/ton, a decrease of 0.35% from 10,837 RMB/ton on December 23, with a peak of 10,862 RMB/ton during the cycle; As of December 31st, the price of styrene was 8,470 RMB/ton, a decrease of 4.25% from 8,846 RMB/ton on December 23rd.

Recently (12.23-12.31), the construction of domestic SBR plants has started at around 70%.

Supply and demand side: Downstream tires mainly provide essential support for the SBR market. As of December 27th, 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 support for SBR will weaken in the short term, but combined with crude oil, raw material prices will still operate at a high level; The production of SBR has been slightly adjusted, and there is not much pressure on the supply side; At present, the overall stability of downstream tire production is expected to be affected by costs and supply and demand. It is expected that the consolidation of the SBR market will be the main trend in the later period.

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