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Monday, January 24, 2022

SBR: petrochemical prices settled market showed little reaction

1. SBR Long Valuation

Product

Area

February 19 Valuation

February 20 Valuation

Change

Change (%)

Unit

1502

Shandong

12800

12700

-100

-0.78

Yuan / ton

1712

Shandong

11750

11600

-150

-1.27

Yuan / ton

Today, Shandong Province SBR lower market valuation, Qilu 1502 estimated at 12,700 yuan / ton, Qilu 1712 at 11,600 yuan / ton, compared with the previous day or 0.78-1.27%. SBR today unveiled petrochemical, down 300-400 yuan / ton settlement, after the decline in value of the market is still buying Guadan, wait still.

2. News

Sinopec opening balance sheet for 14-19 SBR, 1502 down 300 yuan / ton, Qilu 1502 at 12,800 yuan / ton, Qilu 1712 down 400 yuan / ton to 11,600 yuan / ton, according to the new price from today priced sales. Tomorrow, the oil price adjustment will follow.

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, Nantong Shenhua, Fu Rubber Chemical tier parking.

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

100,000 tons / year styrene-butadiene unit production line 1502 Nissan 150 tons, another few lines of output

 

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 market continued downturn in trading today, at noon, though the current round of Sinopec announced the settlement price, down 300-400 yuan / ton, but the decline in value of the market is still not enough to buy gas to maintain sentiment.

Market

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

1502

1712

North Market

12800

11700-11900

Shandong market

12800

11800

East China market

12700-12900

11600-11900

Fujian market

12600-12800

11600-11700

Guangdong market

12600-12800

4. Outlook forecast

After today’s low-end petrochemical SBR 300-400 yuan / ton into the pricing of sales and factory production costs are relatively stable, considering the profit margins, the upstream supplier has no intention to continue to decline in value. Then overwhelmed market showed little reaction after the price reduction, and close to the weekend, said downstream users continue to wait and see, wait for next week dynamics. Tomorrow is expected to close open businesses tentative offer price bit concerned about market inquiry, if demand continues to slump, do not rule out the latter may continue to decline in value.

Translated by Google Translator from http://market.cria.org.cn/25/19273.html

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