According to the data monitoring of SunSirs, the domestic SBR market fell last week (5.17-5.21). The price was 13,291 RMB/ ton at the beginning of the week, and fell to 13,083 RMB/ ton at the end of the week, with an overall decline of 1.57%.
Last week, the domestic market of SBR was lower, and the manufacturer's offer was reduced 300 RMB/ ton. As of May 21, the ex-factory price of Jihua SBR1502 of PetroChina Northeast sales company was 13,000 RMB/ ton. Within the week, the trader's offer was adjusted to a low level, and the market inquiry was not active. Last week, the start-up of units in SBR industry was basically stable, but the 300,000 ton/ year SBR units of Yangzi Petrochemical and Fushun Petrochemical had been gradually restarted; At present, Qilu, Jihua and Lanhua plants are in normal operation. In the later stage, the pressure on the supply side increased.
The price of butadiene and styrene increased, and the cost support increased. According to SunSirs, as of May 21, the butadiene price was 7,006 RMB/ ton, up 2.31% from 6,848 RMB/ ton at the beginning of the week; As of May 21, the price of styrene was 10,633 RMB/ ton, up 1.27% from 10,500 RMB/ ton at the beginning of the week.
The price of natural rubber fluctuated at a low level, mainly negative for SBR. According to SunSirs, as of May 21, the domestic natural rubber price was 12,800 RMB/ ton, slightly fluctuating from 12,837 RMB/ ton at the beginning of the week.
SunSirs analysts believe that the price of natural rubber is lower, and the restart of Yangtze and Fushun styrene butadiene plants has a negative impact on SBR, but the price of raw materials is stable, and the cost side is still supported. It is expected that China SBR market will continue to be weak in the future, but the decline will be reduced.
