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Sunday, January 16, 2022

SBR: Empty transaction is expected to disadvantaged

1. SBR Long Valuation

Product

Area

February 18 Valuation

February 19 Valuation

Change

Change (%)

Unit

1502

Shandong

12800

12800

0

0

Yuan / ton

1712

Shandong

11750

11750

0

0

Yuan / ton

SBR market is estimated today in Shandong Province is relatively stable, Qilu 1502 valued at about 12,800 yuan / ton, 1712 valuation of about 11,750 yuan / ton. Local businesses offer more upside down 200-300 yuan / ton, but the downstream plant purchases tend to lower prices, businesses are expected to decline overwhelmed or limited, cautious shorting the market trading flat.

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

SBR light stable market performance today, is expected to see empty downstream single little real demand, and some also plate upside down to lower prices 500-600 yuan / ton price, but do not intend to hold stocks over none other shipments, trading stalemate . Take the goods is blocked, the user has no intention to take the initiative to plan billing, supply-side inventories. Which part of shoe factory in southern China resumed after the slow progress, due to product orders meager profits, while the factory high cost.

Market

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

1502

1712

North Market

12800-13000

11900-11900

Shandong market

12800-12900

11800

East China market

12800-13000

11600-11900

Fujian market

12700-13000

11600-11700

Guangdong market

12800-13000

4. Outlook forecast

Under trading stalemate, the more pressure the market – offer the lower cost of production is still significant because solid SBR, businesses cautious vent, wait petrochemical settlement price guide. It is reported that oil manufacturers will discuss aspects of the recent buyout price, the sales company is equally concerned about market dynamics. Supply-side listing, the market upside down, decline in value of the window to open, to buy or not to buy a slow recovery in demand next fall mentality, tomorrow SBR continued weak market adjustment.

Translated by Google Translator from http://market.cria.org.cn/25/19247.html

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