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Saturday, May 21, 2022

SBR trading conditions continued to weaken the morale of inadequate

1. SBR Long Valuation

Product

Area

December 16 Valuation

December 17 Valuation

Change

Change (%)

Unit

1502

Shandong

12900

12850

-50

-0.39

Yuan / ton

1712

Shandong

11900

11850

-50

-0.42

Yuan / ton

2.  News

SBR prices steady today Sinopec Qilu, Yangzi 1712 at 11,700 yuan / ton, Qilu, Yangzi 1502 glue 12,800 yuan / ton. Some companies around the oil prices down 200 yuan / ton, including the South China region Jihua 1502 low price of 12,700 yuan / ton, the price is still high in other regions, ranging between 13000-13300 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

12700

12700

North China Petroleum

13000

13000

13000

13000

11700

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, styrene butadiene rubber market continued to weaken slightly pattern, the industry’s lack of confidence, lack of real trading, the trade continues to loose Daily dish down, close to the petrochemical billing rates, and in particular the regional market in southern poor, styrene-butadiene rubber part blessing there upside down 200 yuan / ton offer. Some traders said that the stock is still not high, sell low unintentionally maintain fare offer.

Market

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

1502

1712

North Market

12800-12900

11900-12000

Shandong market

12800-12900

11900-12000

East China market

12700-13100

11700-12000

Fujian market

12400-12800

11500

Guangdong market

12600-12800

4. Outlook forecast

Downstream stocking long overdue start early part of the plant in southern region of holiday; Shouchu affect the release is complete, HuJiao lower; CNPC high price correction, the collapse of the market morale, business profits gradually from positive to negative, short-term analysis of the probability of the consolidated downstream SBR increased. But supply-side expressed inventory low, no pressure sales last month, prices fall within a narrow range to stimulate demand meaningful ideas guiding concern supply market, and the prices continue stalemate.

Translated by Google Translator from http://market.cria.org.cn/25/18266.html

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