According to the data monitoring of SunSirs, the domestic SBR market fell last week (10.25-10.29). As of October 29, the price of domestic SBR was 14,000 RMB/ ton, down 4.22% from 14,616 RMB/ ton at the beginning of the week.

Last week, the international crude oil price rose and fell, and the cost was short-term bad in the face of the domestic chemical market. The ex-factory price of SBR of domestic enterprises stabilized. According to the monitoring of SunSirs, as of October 29, the ex-warehouse price of SBR of Jilin and Fushun of CNPC Northeast sales company was 14,300 RMB/ ton; The market offer has gradually dropped. According to SunSirs, the mainstream price of butyl benzene in Fushun, Qilu, Jihua, Weitai and other markets was around 13,600 - 14,200 RMB/ ton.

The start-up of SBR changed little last week, and the supply side was basically stable. The prices of raw materials butadiene and styrene fell, and the cost side was weak. According to the monitoring of SunSirs, as of October 29, the price of butadiene was 7,991 RMB/ ton, down 5.27% from 8,435 RMB/ ton at the beginning of the week. As of October 29, the domestic styrene market price was around 9,520 RMB/ ton, down 2.76% from 9,790 RMB/ ton at the beginning of the week.

Natural rubber prices rose slightly, forming a certain support for SBR. According to the monitoring of SunSirs, as of October 29, the price of domestic natural rubber was 13,723 RMB/ ton, up 1.03% from 13,583 RMB/ ton at the beginning of the week.

SunSirs analysts believe that although the current high price of natural rubber is beneficial to butylbenzene, the downstream is in conflict with the high price of butylbenzene and the transaction is deadlocked. It is expected that the price of SBR may fall sharply in the later period.

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