Styrene-Butadiene Rubber Market Faces Weak and Volatile Trends

November 19th, according to the news

Recently (from November 1 to November 19), the styrene-butadiene rubber (SBR) market in China has been experiencing a weak and fluctuating trend. According to the commodity market analysis system, as of November 19, the price of SBR in the East China market was 11,050 CNY/ton, down 2.07% from 11,283 CNY/ton at the beginning of the month, and up 4.25% from the lowest point of 10,600 CNY/ton during the period. On one hand, the support from raw materials is relatively weak. On the other hand, the operation of downstream tire production is unstable, providing only limited support for the demand for SBR; the production of SBR has slightly increased, but the overall fundamentals of SBR are still weak, leading to a weak and fluctuating market trend. As of November 19, the main market prices for SBR 1502 from Fushun, Jilin Petrochemical, Yangzi, and Qilu in the East China region were around 10,950 to 11,200 CNY/ton.

Recently (from November 1 to November 19), the prices of raw materials butadiene and styrene have been weak and declining, resulting in weaker cost support for SBR (styrene-butadiene rubber). According to the commodity market analysis system, as of November 19, the price of butadiene was 7,133 CNY per ton, a decrease of 5.10% from 7,516 CNY per ton at the beginning of the month. As of November 19, the price of styrene was 6,594 CNY per ton, a decrease of 2.34% from 6,752 CNY per ton at the beginning of the month.

Recently (from November 1st to November 19th), the operating rate of styrene-butadiene rubber (SBR) plants in China has slightly increased, reaching around 75%.

Supply and Demand: Recently (Nov 1–Nov 19), downstream tire production remained generally stable, providing solid support for the demand-driven styrene-butadiene rubber market. As of November 15, Chinese tire companies had semi-steel tire production running at around 74%, while tire manufacturers in Shandong province maintained all-steel tire output at approximately 65%.

Market Forecast: From a fundamental perspective, analysts believe that the current supply and demand dynamics for styrene-butadiene rubber (SBR) remain generally weak, suggesting that SBR prices are likely to continue their volatile, sideways trend in the near term.