Recently (2.11-2.24), the SBR market has been weak and declining. According to the Commodity Market Analysis System of SunSirs, as of February 24th, the price of SBR in the East China market was 14,683 RMB/ton, a decrease of 4.65% from 15,400 RMB/ton on the 11th. The price of raw material butadiene has significantly decreased, while the price of styrene has slightly adjusted, resulting in weaker cost support for SBR. Downstream tire production is gradually increasing; The production of SBR is at a relatively high level of 80%. Recently, the supply price of SBR has been gradually lowered. As of February 24th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, Qilu, Weitai, and Yibang in East China is around 14,500-15,050 RMB/ton.

Recently (2.11-2.24), there has been a significant decline in raw material butadiene and a slight adjustment in styrene prices, resulting in weaker cost support for SBR. According to the Commodity Market Analysis System of SunSirs, as of February 24th, the price of butadiene was 11,587 RMB/ton, a decrease of 8.31% from 12,637 RMB/ton on the 11th; As of February 24th, the price of styrene was 8670 RMB/ton, a decrease of 0.34% from 8,700 RMB/ton on the 11th.

Recently (2.11-2.24), the domestic SBR plant has been operating at around 82%.

Supply and demand side: The increase in downstream tire production after the holiday mainly supports the rigid demand of the SBR market. As of February 20th, the operating load of semi steel tires in domestic tire enterprises is around 80%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 67% of the load.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the short-term support for the cost of SBR is relatively weak; The production of SBR remains relatively high, with slight pressure on the supply side; Downstream tire production has increased, providing strong support for SBR. Overall, due to the impact of costs and supply and demand, it is expected that the short-term consolidation of the SBR market will be the main trend.

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