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Thursday, August 11, 2022

SBR deal highlights the lack of guidance in the doldrums

1. SBR Long Valuation

Product

Area

January 10 Valuation

January 13 Valuation

Change

Change (%)

Unit

1502

Shandong

13050

13050

Yuan / ton

1712

Shandong

12050

12050

Yuan / ton

Today, Shandong Province SBR atmosphere Guadan, transaction valuation stable Qilu 1502 transaction valued at about 13050-13100 yuan / ton, partially tax transaction price is low, Qilu 1712 valuation of about 12050-12100 yuan / ton. Downstream buying dull, and control the amount of suppliers for delivery of goods, merchants stock inventory low, intend to continue a sale.

2. News

Sinopec for SBR offer steady, Qilu 1502 at 12,800 yuan / ton, Qilu 1712 at 11,800 yuan / ton, but the actual billing manually increase 100 yuan / ton, Huadong Yang Jin 1502 Hand increase 180 yuan / ton.

Oil prices steady in SBR, Jilin, Portland 1500E price 13,200 yuan / ton, Jihua 1502 13000-13200 yuan / ton, Portland 1712 is not available, the reference price at 11,900 yuan / ton.

Device: Fushun Petrochemical 200,000 tons / year plant two-line parking; Tianjin Harbour Ring device 6.9 across the board from the date of parking; Jilin Petrochemical unit reduction of production; Zhejiang morning line stop device, another line program on the 20th stop of about 20 days. Fu oak Petrochemical 100,000 tons / year styrene-butadiene unit Oct. 28 from parking across the board yesterday to restart the trial production line 1502.

Factory

Dynamic Device

Qilu Petrochemical

Two-wire 1502 100,000 tons device; 150,000 tons / year styrene-butadiene unit line 1502, two-line 1712

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 1712 production line

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, yesterday to restart the production line 1502

 

Sales Company

Product models offer ($ / ton)

1500

1502

1500e

1502e

1712

Sinopec North

12800

11700

Petroleum South

13000

13000

North China Petroleum

13200

13000

13200

13000

11900

PetroChina East China

13200

13000

13200

12800

11900

Sinopec South

12600 (Fu oak)

11700 (Fu oak)

 Nantong Shenhua (listed)

16000

14000

3. Market dynamics

Today SBR market sentiment is extremely light, inadequate downstream plant stocking inquiry sporadic and down to lower prices; while traders due to supply reduction, stock low cost and billing firm, unintentional low sale prices failed to talk about the intention of the buyer and seller Long, rarely heard real single transaction.

Market

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

1502

1712

North Market

13100

12100

Shandong market

13100

12100

East China market

13200-13300

12100-12200

Fujian market

12900-13000

11900

Guangdong market

12900-13300

4. Outlook forecast

Lack of demand downstream plants, petrochemical control the amount of oil supply, raw material butadiene monomer was up support costs outer disk surface, SBR fundamentals deadlocked opposition, industry operating intentions Guadan, seems to leave early into the trend. Under the continuing weakness in the transaction, the market is expected to gradually increase bearish other HuJiao to new lows, SBR pre-holiday market can hardly be optimistic, careful operation.

Translated by Google Translator from http://market.cria.org.cn/25/18747.html

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