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Monday, January 24, 2022

SBR: Today the market turnover increased slightly transient stability

1. SBR Long Valuation

Product

Area

February 17 Valuation

February 18 Valuation

Change

Change (%)

Unit

1502

Shandong

12800

12800

0

0

Yuan / ton

1712

Shandong

11800

11750

-50

-0.42

Yuan / ton

Today, Shandong Province SBR market adjustment range is limited, Qilu 1502 valuation of about 12,800 yuan / ton, 1712 valuation of about 11,750 yuan / ton. Factory-demand procurement, consultation session to continue to lower prices, excessive inventory build intermediate traders dare, go with the open with a larger supply of the top manufacturers of pressure on the stock.

2.  News

PetroChina, Sinopec are listed on the implementation of the SBR sales, Qilu 1502 at 13,100 yuan / ton, Qilu 1712 at 12,000 yuan / ton. Jihua 1502, Portland 1502E at 13000-13100 yuan / ton, Portland 1712 is not available, north, southwest companies listed. Slow flow of goods on the market, abundant supply of top business inventories.

Device Parking Information: Fushun Petrochemical 200,000 tons / year plant two-wire parking; Tianjin Harbour Ring device 6.9 across the board from the date of parking; Jilin Petrochemical unit reduction of production; Zhe Chen, Shen Hua Ding Nantong line stop.

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 a two-wire device production line stop to late February

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 production line 1502, another line parking

Fu Rubber Chemicals

Two lines 100,000 tons / year styrene-butadiene plant production 1502, reduce the load

 

Sales Company

Product models offer ($ / ton)

1500

1502

1500e

1502e

1712

Sinopec North

13100

12000

Petroleum South

13000

13000

North China Petroleum

13100

13100

13100

13100

12000

PetroChina East China

13200

13000

13200

12800

11900

Sinopec South

12800 (Fu oak)

11800 (Fu oak)

 Nantong Shenhua (listed)

16000

14000

3. Market dynamics

Today SBR take the goods market increased slightly, but the overall atmosphere remained flat, heard some real single price upside 100-300 yuan / ton, although the factory inquiry continue to lower prices, but traders are afraid to report low price, wait settlement price guide, not much below the stock market.

Market

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

1502

1712

North Market

12800-13000

11900-12000

Shandong market

12800-13000

11800-12000

East China market

12800-13000

11800-12000

Fujian market

12700-13000

11800-12000

Guangdong market

12800-13000

4. Outlook forecast

SBR currently listed petrochemical sales, real single market upside down about 100-300 yuan / ton, then pursuant to the settlement of this magnitude. But I was told there are still trading at lower prices, but it is not eager to pay a single, due to expected new round of fall. At present, there are stable synthetic surface support costs, and the factory is not established before the holiday excess inventory, downstream demand will be launched at this stage SBR No excessive market risk.

Translated by Google Translator from http://market.cria.org.cn/25/19221.html

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