Recently (1.1-1.17), the SBR market has remained stable with a slight increase. According to the Commodity Market Analysis System of SunSirs, as of January 17th, the price of SBR in the East China market was 15,333 RMB/ton, an increase of 2.91% from 14,900 RMB/ton on January 1st. The price of raw material butadiene has significantly increased, the price of styrene has slightly increased, and the cost center of SBR has slightly increased. The downstream tire production is basically stable; The production of SBR has slightly increased. The supply price of SBR has been raised, and as of January 17th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 15,100-15550 RMB/ton.

Recently (1.1-1.17), the raw material butadiene has significantly increased and the price of styrene has slightly increased, causing the cost center of SBR to shift upward. According to the Commodity Market Analysis System of SunSirs, as of January 17th, the price of butadiene was 12,462 RMB/ton, an increase of 15.39% from 10,800 RMB/ton on January 1st; As of January 17th, the price of styrene was 8,664 RMB/ton, an increase of 2.29% from 8,470 RMB/ton on January 1st, with a low point of 8,408 RMB/ton during the cycle.

Supply and demand side: Downstream tires mainly provide essential support for the SBR market. As of January 16th, the operating load of semi steel tires in domestic tire enterprises was around 78%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 60% of the load.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR will have stable support in the short term; The production of SBR has slightly increased, and there is not much pressure on the supply side; The overall stability of downstream tire production is currently stable, but with the approach of the Spring Festival, downstream demand will gradually decrease, which will weaken the support for SBR. Overall, due to the impact of costs and supply and demand, it is expected that the SBR market will mainly consolidate at a high level before the holiday.

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