Styrene-Butadiene Rubber Market Prices Narrowly Fluctuate

August 11th, news:

Recently (August 1–11), the styrene-butadiene rubber (SBR) market experienced narrow fluctuations. According to commodity price analysis systems, as of August 11, the SBR price in East China was 12,091 CNY/ton, down by 0.14% from 12,108 CNY/ton on August 1. The lowest point during this period was 12,008 CNY/ton. Raw material prices for butadiene and styrene remained relatively stable, providing weak cost support for SBR. Downstream tire production remained generally stable, providing steady demand support for SBR. Overall SBR production remained stable, but supply pressure persisted. Recently, suppliers first lowered and then raised their offered prices. As of August 11, PetroChina Northeast SBR 1502 was quoted at 12,100 CNY/ton ex-factory, with suppliers raising prices amid market observation. By August 11, mainstream market prices for SBR 1502 from Fushun, Jihua, Yangzi, and Qilu in East China were around 12,000–12,400 CNY/ton.

Recently (August 1st to August 11th), the prices of butadiene and styrene, which are raw materials, have been narrowly fluctuating, with the cost support for SBR (styrene-butadiene rubber) remaining stable. According to the commodity market analysis system, as of August 11th, the price of butadiene was 9,083 CNY/ton, an increase of 0.37% from 9,050 CNY/ton on the 1st; the highest point during the period was 9,100 CNY/ton, and the lowest point was 8,916 CNY/ton. As of August 11th, the price of styrene was 7,640 CNY/ton, a decrease of 0.08% from 7,646 CNY/ton on the 1st; the lowest point during the period was 7,564 CNY/ton.

Recently (August 1 to August 11), the operation of styrene-butadiene rubber plants in China has been basically stable, with the operating rate around 73%.

Supply and Demand: Recently (August 1–August 11), downstream tire production remained generally stable, providing solid support for the styrene-butadiene rubber market. As of August 8, China's tire companies' semi-steel tire operating rate slightly increased to around 72%; in Shandong province, the all-steel tire operating rate of tire companies also slightly rose to approximately 63%.

Future market forecast: From a fundamental perspective, analysts believe that styrene-butadiene rubber (SBR) costs continue to face weak support. Although SBR production remains stable, supply pressure persists. Meanwhile, the downstream tire industry still provides moderate support for SBR. Considering the arrival of peak season, it is expected that SBR prices will likely fluctuate and gradually rise in the coming period.