SunSirs: China SBR Market Saw a Slight Increase in the First Half of December

The market for SBR saw a slight increase in the first half of December. According to the Commodity Market Analysis System of SunSirs, as of December 15th, the price of SBR in the East China market was 14,941 RMB/ton, an increase of 1.99% from 14,650 RMB/ton on December 1st. The price of raw material butadiene continues to rise significantly, styrene prices have slightly adjusted, and the cost center of SBR has slightly increased. Downstream all steel tire production has slightly increased; The production of SBR has slightly increased, and the supply pressure is not significant. The supply price of SBR has been raised, and as of December 15th, the mainstream market price of 1502 SBR in Fushun, Jihua, Yangzi, and Qilu in East China is around 14,850-15,200 RMB/ton.

In the first half of December, the raw material butadiene saw a significant increase, while the price of styrene slightly adjusted, and the cost center of SBR shifted upward. According to the Commodity Market Analysis System of SunSirs, as of December 15th, the price of butadiene was 10,450 RMB/ton, an increase of 7.46% from 9,725 RMB/ton on December 1st; As of December 15th, the price of styrene was 8,920 RMB/ton, an increase of 0.27% from 8,896 RMB/ton on December 1st.

Supply and demand side: Downstream tires mainly provide essential support for the SBR market. As of December 13th, the operating load of semi steel tires in domestic tire enterprises is around 79%; The operating load of all steel tires in tire enterprises in Shandong region is about 57%.

From a fundamental perspective, analysts from SunSirs believe that the current cost of SBR is rising; The production of SBR has slightly increased, and the expected supply pressure has slightly increased; The current downstream all steel tire production has slightly increased, and overall, due to the impact of costs and supply and demand, it is expected that the SBR market will mainly consolidate in the later period.

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