Since October, the market of SBR has declined. According to the monitoring of SunSirs, as of October 18, the domestic price of SBR was 11,675 RMB/ ton, down 1.06% from 11800 RMB/ ton at the beginning of the month. Recently, the ex factory price of two barrels of oil SBR has been lowered. According to the monitoring of the business community, as of October 18, the ex factory price of Fushun SBR1502 of PetroChina Northeast Sales Company had been reported at 11,600 RMB/ ton. The offer from the merchants has gradually declined. As of October 18, the market offer of SBR1502 was 11,500 RMB/ ton to 11,800 RMB/ ton. Both demand and cost have weakened, which has a negative impact on SBR.

Under the pressure of oversupply, the prices of raw materials butadiene and styrene have declined since October, and the cost is weak against the support of SBR. According to the monitoring of the business community, as of October 17, the price of butadiene was 7,760 RMB/ ton, down 6.54% from 8,303 RMB/ ton at the beginning of the month; As of October 17, the price of styrene was 8,800 RMB/ ton, down 5.38% from 9,300 RMB/ ton at the beginning of the month.

Since October, Weitai, Yibang and other SBR plants have been upgraded to two line operation; The domestic SBR started slightly, and the supply was loose.

Since October, the natural rubber market has declined slightly, with weak support for SBR. According to the monitoring of SunSirs, as of October 17, the price of natural rubber was 12,130 RMB/ ton, down 1.46% from 12,310 RMB/ ton at the beginning of the month.

The demand side is weak. The downstream tire enterprises started to decline in October, and the demand side is not supported by SBR. It is understood that in the first ten days of October, the domestic full steel tire operating rate was 58%, and the semi steel tire operating rate was 63%, a low decline.

SunSirs analysts believe that the support for cost and demand of SBR is weak, and the supply is loose. It is expected that China SBR will continue to operate weakly in the short term.

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