Recently (3.12-3.18), the SBR market has seen a narrow consolidation. According to the Commodity Market Analysis System of SunSirs, as of March 18th, the price of SBR in the East China market was 14,066 RMB/ton, a decrease of 0.30% from 14108 RMB/ton on March 12th. The price of raw material butadiene has slightly increased, while the price of styrene has slightly decreased, resulting in weak cost support for SBR. The downstream tire production is basically stable; The production of SBR has fluctuated slightly, and supply pressure still exists. Recently, the supply price of SBR has slightly increased. As of March 18th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, Qilu, Weitai, and Yibang in East China is around 14,000-14,250 RMB/ton.

Recently (3.12-3.18), the price of raw material butadiene has slightly increased, while the price of styrene has slightly decreased, resulting in weak cost support for SBR. According to the Commodity Market Analysis System of SunSirs, as of March 18th, the price of butadiene was 11,037 RMB/ton, an increase of 0.11% from 11,025 RMB/ton on March 12th; As of March 18th, the price of styrene was 8386 RMB/ton, a decrease of 0.76% from 8,450 RMB/ton on March 12th.

Recently (3.12-3.18), the start-up rate of domestic SBR plants has slightly increased to around 75%.

Supply and demand side: Downstream tire production is basically stable, mainly supporting the rigid demand of the SBR market. As of March 14th, the operating load of semi steel tires in domestic tire enterprises was around 83%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 69% of the load.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the current cost support for SBR is relatively weak; Small fluctuations in the production of SBR; The downstream tire production is basically stable, providing strong support for SBR. Overall, due to the impact of costs and supply and demand, it is expected that the short-term market for SBR will mainly experience a narrow consolidation.

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