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Friday, January 21, 2022

Styrene-butadiene rubber futures prices continued to weaken

1. SBR Long Valuation

Product

Area

December 11 Valuation

December 12 Valuation

Change

Change (%)

Unit

1502

Shandong

13000

12950

-50

-0.38

Yuan / ton

1712

Shandong

12000

12000

Yuan / ton

2.  News

Some companies listed PetroChina sales executive, Jilin, Portland 1502 price range, the actual delivery price is slightly lower 200 yuan / ton between 13000-13300 yuan / ton. Sinopec Qilu, Yangzi 1712 at 11,700 yuan / ton, Qilu, Yangzi 1502 glue 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 across the board stop, restart or postponed to January; 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 SBR continued weak market decline, the most significant decline in value in East China, lack of business confidence, offer continuing downward adjustment 100 yuan / ton. But in the afternoon to support the futures market soared, cheap shipping mind eased.

Market

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

1502

1712

North Market

13000-13100

12000-12100

Shandong market

13000-13100

12000-12100

East China market

12900-13200

11800-12200

Fujian market

12600-13000

11800

Guangdong market

12900-13000

4. Ooutlook forecast

Downstream slumping market purchases this week, the daily market price SBR lower end for the price of oil fell, increasing pessimism. But supply-side inventory low, no sales pressure; butadiene external disk callback only reduce domestic spreads, high styrene-butadiene costs; Shouchu message re-transmission, the futures market soared above do not support SBR fall. SBR market is still hovering in the ups and downs dilemma, wait wait guidelines.

Translated by Google Translator from http://market.cria.org.cn/25/18180.html

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