Price trend

This week (9.14-9.21) the SBR market fluctuated slightly. According to the monitoring of SunSirs, as of September 21, the domestic price of SBR was 11,810 RMB/ton, a slight increase of 0.44% from last Wednesday's 11,758 RMB/ton, and the weekly low was 11,733 RMB/ton. This week, the ex-factory price of "two barrels of oil" SBR was basically stable. According to the monitoring of SunSirs, as of September 21, the ex-factory price of Fushun SBR 1502 of PetroChina Northeast Sales Company was quoted at 11,800 RMB/ton. Business offers fluctuated slightly, falling first and then rising. As of the 21st, the market offer of SBR 1502 was 11,700~12,200 RMB/ton.

Analysis review

On the one hand, the raw material butadiene rose slightly and styrene fell slightly this week, and the cost side had support for SBR. On the other hand, the downstream operating rate has not increased significantly, and most of them are mainly purchased on demand. In the traditional peak season of 'Golden September, Silver October', merchants had a strong willingness to support prices, and the offers were stable and slightly adjusted.

The operating rate of SBR did not change much this week.

This week, butadiene rose slightly, styrene fell slightly, and the cost side still supported SBR. According to the monitoring of SunSirs, as of September 21, the price of butadiene was 9,164 RMB/ton, an increase of 1.75% from 9,006 RMB/ton on last Wednesday; as of September 21, the price of styrene was 9,712 RMB/ton, down 1.09% from 9,820 RMB/ton last Wednesday, and up 7.02% from 9,075 RMB/ton at the beginning of the month.

The natural rubber market rose slightly this week, supporting SBR. According to the monitoring of SunSirs, as of September 21, the price of natural rubber was 12,120 RMB/ton, an increase of 1.37% from last Wednesday's 11,956 RMB/ton.

Market outlook

SunSirs’ analysts believe that the cost sides still have support for SBR; but the increase in downstream construction is not obvious, and the demand-side support is weak. It is expected that SBR will fluctuate and consolidate in the short term, and follow-up needs to pay attention to changes in demand and costs.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.