1712 SBR warming hype expected tight supply

1. Long congregation SBR Valuation

Product	Area	September 24 Day Valuation	September 25 Valuation	Change	Price Change (%)	Unit
1502	Shandong	13500	13600	+100	+0.74	Yuan / ton
1712	Shandong	11800	11900	+100	+0.85	Yuan / ton

2. Corporate dynamics

Today, PetroChina East, Northeast, Northwest raised SBR prices, and Southwest regions due to limited inventory, billing manually increase 200 yuan / ton. Prices steady Sinopec Qilu 1502 at 13,100 yuan / ton, Qilu 1712 at 11,700 yuan / ton.

Device: Fushun Petrochemical 200,000 tons / year plant May 17 onwards downtime, reboot time to continue postponed to October; Lanzhou Petrochemical 100,000 tons plant parking transformation, 50,000 tons plant capacity 1500; Lu Hong Kong means the date line 6.9 parking; Jilin Petrochemical production unit reduction; Zhejiang morning stop line device, line producing 1502; Nantong Shenhua 180,000 tons / year plant September 20 routine maintenance about 20 days time. Fu rubber Petrochemical 100,000 tons / year butadiene plant planned 10.15 parking overhaul two months.

Factory	Dynamic devices
Qilu Petrochemical	150,000 tons / year butadiene unit line 1502 two-wire 1712; 100,000 tons device two lines 1502
Jilin Petrochemical	150,000 tons unit load shedding production , A-line production 1500E, B / C two-line production 1502,1502 E
Nantong Shenhua	180,000 tons production line unit 1502, and the other a 1712 oil-filled cable, the other a line 1502E, 1723 to switch production, 60% of the overall operating
Lanzhou Petrochemical	100,000 tons plant parking transformation; 50,000 tons / year plant capacity 1500E
Yang Jin Rubber	100,000 tons means two lines 1502
Tianjin Lugang	100,000 tons device 6.9 devices across the board from the date of parking
Hangzhou, Zhejiang Morning	100,000 tons / year butadiene unit tier parking, front-line production 1502, started under load
Fu Rubber Chemical	100,000 tons / year butadiene unit double production 1502

Sales Company	Product of the models offer (yuan / ton)
Sales Company	1500	1502	1500e	1502e	1712
Sinopec North	–	13100	–	–	11700
Petroleum South	–	13000	–	13000	–
North China Petroleum	13100	13100	13100	13100	11700
PetroChina East	13100	13100	13100	13100	11700
Sinopec South	–	12600 (Fu oak)	–	–	11400 (Fu oak)
Nantong Shenhua (listed)	–	15000	–	–	13000

3. Market dynamics

Today SBR market continue to rise, the atmosphere can still be traded.Offer more than the overall market and continues to rise, on the one hand due to higher prices of raw materials butadiene support; the other hand, plans to open this month, single-family basically completed, bullish expectations hoarding and maintain appropriate inventory.

Market	As of the morning of the region offer (yuan / ton)
Market	1502	1712
North Market	13500-13600	11900-12000
Shandong market	13500-13600	11900-12000
East China market	13400-13600 Qilu 13900	12000-12100
Fujian market	13100-13300	Fu Oak 11800
Guangdong market	13100-13300	–

4. Market outlook forecast

Due to lack of profits, and the market demand is low, nearly two months of domestic manufacturers butadiene rubber production scheduling for 1712 substantially reduced, Portland, the Yangtze, Fu rubber device for producing rosin SBR, private enterprises in 1712 lines stop. With the pre-inventory consumption, while not new scheduling downtime corporate planning, market expectations behind tight supply, oil-filled rubber 1712 gradually warming hype, market sentiment turned active. SBR market costs and the supply side bullish support continuation of the upward trend in short-term continuation.No delivery pressure due to end, and near the National Day holiday, the market offer to gradually reduce, cover plate waiting to see increased.

Translated by Google Translator from http://market.cria.org.cn/25/16740.html