In August, the styrene butadiene rubber market fell as a whole. According to the data monitoring of business agency, as of August 31, the price of butadiene benzene 1502 was 11775 yuan / ton, down 3.94% from 12258 yuan / ton at the beginning of the month. In August, the price of raw material butadiene / styrene fell first and then rose. The overall decline, especially the decline of raw material price at the beginning of the month, weakened the cost support of SBR significantly; The commencement of downstream tires remained low in August, and the demand for styrene butadiene rubber was weak. However, starting from the middle and late August, on the one hand, the raw material price rebounded after hitting the bottom, and on the other hand, the supply and demand of styrene butadiene rubber was in a weak balance. Under this background, the market of styrene butadiene rubber in the middle and late August showed a stable and narrow fluctuation trend.
| Thiourea |
The prices of butadiene and styrene fell first and then rose. The overall price fell, and the cost was weakly supported by styrene butadiene rubber. According to the monitoring of business agency, as of August 31, the price of butadiene was 8331 yuan / ton, down 10.96% from 9356 yuan / ton at the beginning of the month, and the lowest point in the month was 7792 yuan / ton. As of July 31, the price of styrene was 9075 yuan / ton, down 5.67% from 9620 yuan / ton at the beginning of the month, and the lowest point in the month was 8390 yuan / ton.
In August, the natural rubber market fluctuated downward, and the impact on styrene butadiene rubber was empty. As of August 31, the price was 11990 yuan / ton, down 2.04% from 12240 yuan / ton at the beginning of the month. In August, during the peak season of domestic and foreign rubber production, the pressure on the supply side of natural rubber increased, the price of Thai glue continued to drop, and the output of China’s domestic area was normal. Although the impact of Hainan public health incident and heavy rain, the rubber production continued to increase.
In August, the start-up of domestic tire enterprises maintained a low and narrow range. The start-up of all steel tires was around 65%, and the start-up of semi steel tires was 50-60%. In addition, the rubber products industry was slow to ship due to the off-season, and the overall start-up was not significantly improved. The demand for SBR was weakly supported.
Future forecast: business analysts believe that the supply and demand side is stable but weak, but the price of raw materials has rebounded from the bottom. If the cost side continues to increase in the later period, the price of SBR will rise accordingly.
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