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Friday, May 20, 2022

SBR mostly watching the lack of guidance

1. SBR Long Valuation

Product

Area

December 20 Valuation

December 23 Valuation

Change

Change (%)

Unit

1502

Shandong

12700

12700

0

0

Yuan / ton

1712

Shandong

11750

11750

0

0

Yuan / ton

2.  News

Today, PetroChina, Sinopec SBR billing rates steady, offer greater regional disparities CNPC, Jilin 1502 ranged between 12600-13100 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

12700

12700

North China Petroleum

13000

13000

13000

13000

11700

PetroChina East China

12600

12600

12600

12600

11700

Sinopec South

12600 (Fu oak)

11600 (Fu oak)

 Nantong Shenhua (listed)

16000

14000

3. Market dynamics

Today Guadan SBR market sentiment, high cash costs, and vary in different regions, SINOPEC limit orders, some businesses do not intend to lower the flat reported watching. However, this price is no demand, there is still upside down sporadic low-cost disk. 1502 which is hard to find in East China Jilin, Guangdong market blessing rubber supply less than normal.

Market

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

1502

1712

North Market

12700-12900

11800

Shandong market

12700-12900

11500-11800

East China market

12600-12900

11700-12000

Fujian market

12400-12800

11500

Guangdong market

12600-12800

4. Outlook forecast

SBR market to maintain the pattern of the current stalemate. Downstream plants to maintain the flat purchase, and continue to keep the prices down, dragged down below the market. Another natural rubber futures fell equally bearish constraints. SBR spot but higher costs, lower petrochemical oil inventories, unintentional decline in value. Change lack of effective messages support cautious mood has not changed.

Translated by Google Translator from http://market.cria.org.cn/25/18360.html

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