1.Price Trend

　　According to the data monitoring of SunSirs, this week (8.26-8.30) domestic SBR prices were mainly stable, with prices rising or falling by 0% at RMB 1,640/ton.

　　2.Cause analysis

　　At present, Shenhua and Bridgestone SBR units are temporarily shut down this week, providing support to SBR. According to SunSirs, Shenhua Chemical's 170,000 tons/year SBR plant is scheduled to stop for a short period of 10 days or so; Bridgestone (Huizhou) synthetic rubber company's styrene-butadiene rubber plant is 50,000 tons/year malfunction and short-term shutdown is eliminated.

　　Rubber import and export: According to data released by the General Administration of Customs, China imported 553,000 tons of natural and synthetic rubber (including latex) in July, an increase of 25.30% over the previous month.

　　Raw materials: raw material butadiene prices rose slightly this week, the cost of SBR support. According to the SunSirs monitoring, butadiene at the beginning of the week was RMB 10043/ton, and at the end of the week was RMB 10217/ton, up 1.73 percent on the whole.

　　Demand: In July 2019, the domestic rubber tyre tyre output was 73.521 million, an increase of 4.61%, a decline of 1.90.2% compared with the previous year; in January-July, the domestic rubber tyre tyre output was 51.532 million, an increase of 2.7% compared with the previous year.

　　3.Future Market Forecast

　　SunSirs analysts believe that the upstream raw material butadiene prices rise, forming a pull-up pressure on the price of butadiene-styrene, but the demand side is still suppressing the formation of butadiene-styrene. Later, the SBR market will be shaken and consolidated.