At the end of April, the styrene-butadiene rubber market stabilized, and the price of rosin styrene-butadiene rubber was 27200-27,600 yuan (ton price, the same below). The price of oil-filled styrene-butadiene rubber was 23700-24100 yuan. The industry believes that SBR will be able to usher in a wave of rising prices in May, under the influence of raw materials, strong willingness of manufacturers to adjust and low inventory levels.
Raw materials, butadiene high consolidation. Petrochemical manufacturers pulled up ex-factory prices, the high-end offer in East China market was 23,000 yuan, and the high-end offer in North China market rose to 23,500 yuan. Due to the current strong international market trends, driving exports to increase, businesses are optimistic about the market outlook, butadiene market will continue to high position. Styrene market in the shortage of goods, the market is limited by the favorable factors of the role of the spot, traders will be willing to pull up strong, coupled with petrochemical manufacturers to increase the price of 150 to 200 yuan, has played a good stabilizing effect on the market, the current market price in the 11100 ~ 11500 yuan. Strong raw material prices form a strong support for the SBR market.
In terms of resources, at present, the overall low social inventory is the main reason for supporting the styrene butadiene market, and Lanzhou Petrochemical began to overhaul, the supply side will be tighter, and the availability of sources will be reduced again, which will help the market outlook.
However, in the face of high-priced styrene-butadiene rubber market, the demand for downstream tires and other manufacturers is difficult to follow up, and the willingness to purchase is low. SBR market is slightly weak. And the trend of related products natural rubber is not optimistic, the global rubber-producing countries gradually into the tapping period, the new plastic market pressure on the natural rubber market outlook. With the supply side improving, the market will find a way out of destocking, but it does not rule out a slight rebound.
Although the price of natural rubber fell, but the difference with styrene butadiene rubber is still very large, while the role of raw materials and supply side, SBR is expected to rise again.
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