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Wednesday, August 17, 2022

SBR: Focus on market transactions deserted petrochemical prices

1. Long congregation SBR Valuation

Product

Area

November 11 Day Valuation

November 12 Valuation

Change

Price Change (%)

Unit

1502

Shandong

12700

12600

-100

-0.78

Yuan / ton

1712

Shandong

11200

11000

Yuan / ton

2. Corporate dynamics

Today in the petroleum, oil steady SBR prices, state-run over 1502 in the 13,000 yuan / ton, 1712 at 11,500 yuan / ton, oil companies listed sales, because low inventory, billing less.

Device: Fushun Petrochemical 200,000 tons / year plant May 17 onwards downtime, restart plans to postpone; Lanzhou Petrochemical 100,000 tons device two-line production 1778E, 1500E, but the production load is not high, 50,000 tons device completely stop; Tianjin Lu Hong Kong unit 6.9 across the board from the date of parking; Jilin Petrochemical production unit reduction; 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 1,502 recent short-term parking cleanup plan

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, 60% of the load, 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

13000

11500

Petroleum South

13000

13000

North China Petroleum

13000

13000

13000

13000

11500

PetroChina East

13000

13000

13000

13000

11500

Sinopec South

12800 (Fu oak)

11400 (Fu oak)

 Nantong Shenhua (listed)

16000

14000

3. Market dynamics

Today SBR watching the market sentiment is still strong, the decline in value is expected to become more intense, downstream plants are waiting for lower prices and traders after replenishment, Real Simple demand cold, and there are still individual traders depress prices for low sales, the primary agents reported tray of little significance.

Market

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

1502

1712

North Market

12800-13000

11300-11500

Shandong market

12600-13000

11200-11500

East China market

12800-13000

11500

Fujian market

12500-13000

11500

Guangdong market

12700-13000

4. Market outlook forecast

Strong bearish expectations, no new price before the petrochemical market remained deadlocked sidelines, tomorrow continue to focus on petrochemical prices news, short-term downtrend continuation. Current market long and short stalemate, while oil inventories low, petrochemical plant parking areas in Fujian, Yang Jin started under load, Qilu device by the recent scheduling Bulk cleanup plan directs and parking supply reduction. But the downstream side expected a weak close to the year will involve inventory liquidation or interference such funds face narrowed, slowing demand, on the downstream market confrontation, coupled with related products butadiene rubber also lower, SBR industry trader interest waning.

Translated by Google Translator from http://market.cria.org.cn/25/17549.html

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