SunSirs: The Market Situation of SBR has slightly Increased

Recently (5.13-5.22), the market situation of SBR has slightly increased. According to the Commodity Market Analysis System of SunSirs, as of May 22, the price of SBR in the East China market was 13,566 RMB/ton, an increase of 0.93% from 13,441 RMB/ton on May 13. The high price of raw material butadiene has fallen, while the price of styrene has risen, continuing to support the cost of SBR. Downstream production of all steel tires has increased, providing continued support for the demand for SBR; The production of SBR is at a low level, and there is not much pressure on enterprise inventory. The SBR market is stable with a slight increase. As of the 22nd, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China was around 13,300-13,700 RMB/ton.

In the recent period (5.13-5.22), the high price of raw material butadiene has fallen, while the high price of styrene has slightly increased. The cost of SBR still has support. According to the Commodity Market Analysis System of SunSirs, as of May 22, the price of butadiene was 11,087 RMB/ton, a decrease of 3.90% from 11,537 RMB/ton on May 13; As of May 22nd, the price of styrene was 9,608 RMB/ton, an increase of 2.49% from 9,375 RMB/ton on May 13th.

Recently (5.13-5.22), the overall operation of domestic SBR units has continued to operate at a low level. Shenhua Chemical's 170,000 tons/year butadiene styrene unit will be put into frontline maintenance starting from May 22. Li Changrong's 50,000 tons/year SBR unit is planned to be shut down for maintenance by the end of June.

Supply and demand side: In the recent period (5.13-5.22), downstream tire production has slightly increased, slightly improving support for SBR. It is understood that as of mid May, the operating load of semi steel tires in domestic tire enterprises was around 79%; The operating load of all steel tires in Shandong tire enterprises has slightly increased to 68%.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the prices of raw materials such as butadiene and styrene remain high, and the cost of SBR continues to support; The production of SBR is at a low level, and the pressure on the supply side of SBR is not high; At present, downstream tire production has slightly increased, and the demand for SBR has strengthened compared to the previous period. Overall, the SBR market may continue to rise in the later stage.

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