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Wednesday, August 17, 2022

SBR inquiry renewed speculation lower prices exacerbated decline in value

1. SBR Valuation

Product

Area

November 6th Day Valuation

November 7 Valuation

Change

Price Change (%)

Unit

1502

Shandong

13100

13000

-100

-0.76

Yuan / ton

1712

Shandong

11600

11550

-50

-0.43

Yuan / ton

2. Corporate dynamics

Today in the petrochemical, oil SBR price stability, the current state 1502 13,400 yuan / ton, 1712 at 11,900 yuan / ton, oil remain listed sales, billing, poor households receiving goods.

Device: Fushun Petrochemical 200,000 tons / year plant May 17 onwards downtime, about a month on the 10th restart plan; Lanzhou Petrochemical 100,000 tons since September Parking transformation unit two months, reported the current two-line production 1778E , 1500E, but the production load is not high, 50,000 tons device completely stop; Tianjin Lugang device 6.9 across the board from the date of parking; Jilin Petrochemical plant reductions production; Zhejiang morning stop line device, production line 1712. Fu rubber Petrochemical 100,000 tons / year butadiene unit Oct. 28 from across parking, approximately two months; Young Kim devices have different levels of reduction this month 1502,1712; Qilu Petrochemical plant product line replacement production, 1712 production reduced 1502 production increased.

Factory

Dynamic devices

Qilu Petrochemical

150,000 tons / year butadiene unit line 1502, two wire 1712; 100,000 tons device two lines 1502, 1712 about production 3000 tons this month, an increase of 1502

Jilin Petrochemical

150,000 tons device line stop, end of line production 1500 production for 1763, 1502 production line

Nantong Shenhua

180,000 tons production line unit 1502, and the other a 1712 oil-filled cable, the other a line 1502E, 1723 to switch production, started 6-7

Lanzhou Petrochemical

100,000 tons device two-line production 1778E/1500E, start the load is low; 50,000 tons / year plant parking

Yang Jin Rubber

100,000 tons device line 1502, line 1712, in both reduced production this month

Tianjin Lugang

100,000 tons device 6.9 devices across the board from the date of parking

Hangzhou, Zhejiang Morning

100,000 tons / year butadiene unit tier parking, front-line production 1712

Fu Rubber Chemical

100,000 tons / year butadiene unit 28 October onwards are parking lane, about two months time

 

Sales Company

Product of the models offer (yuan / ton)

1500

1502

1500e

1502e

1712

Sinopec North

13400

11900

Petroleum South

13400

13400

North China Petroleum

13400

13400

13400

13400

11900

PetroChina East

13400

13400

13400

13400

11900

Sinopec South

13200 (Fu oak)

11800 (Fu oak)

 Nantong Shenhua (listed)

16000

14000

3. Market dynamics

Today’s market performance SBR confusion, lack of physical demand, businesses offer meaningful, simply delisting wait. The speculators throw cheap interference markets intensified bearish expectations. Wherein the oil shortage SBR, Jilin 1500E and 1502E Portland supply hard to find.

Market

As of the morning of the region offer (yuan / ton)

1502

1712

North Market

13200-13400

11500-11800

Shandong market

13100-13400

11500-11800

East China market

13100-13400

11800

Fujian market

13280-13200

11800

Guangdong market

13100-13400

4. Market outlook forecast

Overall buy gas shortage, upside down market deepened, petrochemical billing sluggish, SBR market devaluation rumors today renewed attention petrochemical aspects prices news tomorrow. Expectations fell mostly empty single operation, some businesses strong intention to keep the prices down. However, low oil supply, petrochemical production costs are high regard for the decline in value of the market does not support the side of the supply and demand side saw, be cautious about the 1502 price reaches 12500-13000 yuan / ton range market pick-up reactions.

Translated by Google Translator from http://market.cria.org.cn/25/17489.html

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