Recently (4.10-4.22), the SBR market has fluctuated and declined. According to the Commodity Market Analysis System of SunSirs, as of April 22, the price of SBR in the East China market was 11,858 RMB/ton, a decrease of 2.80% from 12,200 RMB/ton on the first day, and the high point during the cycle was 12,341 RMB/ton. The price of raw material butadiene has significantly decreased, while the price of styrene has narrowed, and the cost support for SBR continues to weaken. The downstream tire production is basically stable; The production of SBR is basically stable, and there are plans for equipment maintenance in the later stage. The supply pressure is expected to decrease slightly. Affected by the international trade situation, the domestic market is mainly wait-and-see with light trading volume, and the overall market situation is weak and downward. As of April 22, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, Qilu, Weitai, and Yibang in East China is around 11,800-12,050 RMB/ton.

Recently (4.10-4.22), the price of raw material butadiene has significantly decreased, and the price of styrene has narrowed, resulting in a continued weakening of the cost support for SBR. According to the Commodity Market Analysis System of SunSirs, as of April 22, the price of butadiene was 8,200 RMB/ton, a decrease of 13.68% from 9,500 RMB/ton on the 10th; As of April 22, the price of styrene was 7,838 RMB/ton, a decrease of 0.03% from 7,840 RMB/ton on the 10th, and the high point during the cycle was 7,918 RMB/ton.

Supply and demand side: Downstream tire production is basically stable, but the international trade situation has an impact, resulting in a strong wait-and-see atmosphere in the rubber market and light inquiries. As of April 17th, 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 65% of the load.

From a fundamental perspective, analysts from SunSirs believe that the current cost support for SBR is weak; The production of SBR will slightly decrease in the later stage; Affected by the international trade situation, downstream tire inquiries are cautious, and short-term transactions of SBR are light. Overall, due to the impact of costs and supply and demand, it is expected that the SBR market will be weak and narrow in the short term.

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