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Tuesday, May 17, 2022

SBR: Trader morale inadequate price weakness

1. SBR Long Valuation

Product

Area

December 9 Valuation

December 10 Valuation

Change

Change (%)

Unit

1502

Shandong

13050

13000

-50

-0.38

Yuan / ton

1712

Shandong

12100

12050

-50

-0.41

Yuan / ton

2. News

Today, PetroChina, Sinopec Sales Company based SBR prices stable, the current Jilin, Portland 1502 prices between 13000-13300 yuan / ton, Portland 1712 almost no plastic goods. Sinopec Qilu, Yangzi 1712 at 11,700 yuan / ton, Qilu, Yangzi 1502 glue to maintain 12,800 yuan / ton.

Device: Fushun Petrochemical 200,000 tons / year plant two-line parking; Lanzhou Petrochemical 50,000 tons of old equipment thoroughly parking; Tianjin Harbour Ring device 6.9 across the board from the date of parking; Jilin Petrochemical unit reduction of production; Zhe Chen device line stop. Fu oak Petrochemical 100,000 tons / year styrene-butadiene unit Oct. 28 from parking across the board, about two months; Qilu Petrochemical production equipment product line swap, 1712 reduced production, increased 1502 production.

Factory

Dynamic Device

Qilu Petrochemical

150,000 tons two lines / year styrene butadiene unit 1502, line 1712; 100,000 tons two-wire devices 1502, 1712 this month, just over 6000 tons planned product

Jilin Petrochemical

150,000 tons device tier parking, front-line production 1500E, 1502 production line

Nantong Shenhua

180,000 tons device production line 1502, and the other a 1712 oil-filled cable, the other a line 1502E, 1723 to switch production, started 8 percent

Lanzhou Petrochemical

Two-wire devices produce 100,000 tons 1502E/1500E; 5 tons / year plant parking

Yang Jin Rubber

Two-line plant capacity 100,000 tons 1502, in the 10th line changeovers 1712

Tianjin Harbour Ring

100,000 tons device means the full range of parking from 6.9 days

Hangzhou, Zhejiang morning

100,000 tons / year styrene-butadiene unit line stop, line producing 1712

Fu Rubber Chemicals

100,000 tons / year styrene-butadiene unit since October 28 are double parking, car or postponed to January

 

Sales Company

Product models offer ($ / ton)

1500

1502

1500e

1502e

1712

Sinopec North

12800

11700

Petroleum South

13200

13200

North China Petroleum

13200

13200

13200

13200

11900

PetroChina East China

13000

13000

13000

13000

11700

Sinopec South

12600 (Fu oak)

11600 (Fu oak)

 Nantong Shenhua (listed)

16000

14000

3. Market dynamics

Today Yindie SBR market weakness, the overall buying Guadan, driven by the lack of news, market traders confidence frustrated, shipping intention to enhance, spot market prices loose, less firm trading.

Market

As of this morning, all regions offer ($ / ton)

1502

1712

North Market

13200

12100-12200

Shandong market

13000-13100

12100-12200

East China market

13000-13500

11900-12200

Fujian market

12900-13300

11800

Guangdong market

13000-13300

4. Outlook forecast

Although the supply-side offer strong support, but the downstream market orders incompetent, SBR market business confidence frustrated, shipping intention to enhance, coupled butadiene fell outside the disk stop rising, further weighed on the market morale, SBR spot market offer loose, Quotes vulnerable Yindie. SBR cost side but in the end still strong, business inventory cost is not low, not big downside, short-term market correction stalemate.

Translated by Google Translator from http://market.cria.org.cn/25/18120.html

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