SBR inquiry renewed speculation lower prices exacerbated decline in value

1. SBR Valuation

Product	Area	November 6th Day Valuation	November 7 Valuation	Change	Price Change (%)	Unit
1502	Shandong	13100	13000	-100	-0.76	Yuan / ton
1712	Shandong	11600	11550	-50	-0.43	Yuan / ton

2. Corporate dynamics

Today in the petrochemical, oil SBR price stability, the current state 1502 13,400 yuan / ton, 1712 at 11,900 yuan / ton, oil remain listed sales, billing, poor households receiving goods.

Device: Fushun Petrochemical 200,000 tons / year plant May 17 onwards downtime, about a month on the 10th restart plan; Lanzhou Petrochemical 100,000 tons since September Parking transformation unit two months, reported the current two-line production 1778E , 1500E, but the production load is not high, 50,000 tons device completely stop; Tianjin Lugang device 6.9 across the board from the date of parking; Jilin Petrochemical plant reductions production; Zhejiang morning stop line device, production line 1712. Fu rubber Petrochemical 100,000 tons / year butadiene unit Oct. 28 from across parking, approximately two months; Young Kim devices have different levels of reduction this month 1502,1712; Qilu Petrochemical plant product line replacement production, 1712 production reduced 1502 production increased.

Factory	Dynamic devices
Qilu Petrochemical	150,000 tons / year butadiene unit line 1502, two wire 1712; 100,000 tons device two lines 1502, 1712 about production 3000 tons this month, an increase of 1502
Jilin Petrochemical	150,000 tons device line stop, end of line production 1500 production for 1763, 1502 production line
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, started 6-7
Lanzhou Petrochemical	100,000 tons device two-line production 1778E/1500E, start the load is low; 50,000 tons / year plant parking
Yang Jin Rubber	100,000 tons device line 1502, line 1712, in both reduced production this month
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 1712
Fu Rubber Chemical	100,000 tons / year butadiene unit 28 October onwards are parking lane, about two months time

Sales Company	Product of the models offer (yuan / ton)
Sales Company	1500	1502	1500e	1502e	1712
Sinopec North	–	13400	–	–	11900
Petroleum South	–	13400	–	13400	–
North China Petroleum	13400	13400	13400	13400	11900
PetroChina East	13400	13400	13400	13400	11900
Sinopec South	–	13200 (Fu oak)	–	–	11800 (Fu oak)
Nantong Shenhua (listed)	–	16000	–	–	14000

3. Market dynamics

Today’s market performance SBR confusion, lack of physical demand, businesses offer meaningful, simply delisting wait. The speculators throw cheap interference markets intensified bearish expectations. Wherein the oil shortage SBR, Jilin 1500E and 1502E Portland supply hard to find.

Market	As of the morning of the region offer (yuan / ton)
Market	1502	1712
North Market	13200-13400	11500-11800
Shandong market	13100-13400	11500-11800
East China market	13100-13400	11800
Fujian market	13280-13200	11800
Guangdong market	13100-13400	–

4. Market outlook forecast

Overall buy gas shortage, upside down market deepened, petrochemical billing sluggish, SBR market devaluation rumors today renewed attention petrochemical aspects prices news tomorrow. Expectations fell mostly empty single operation, some businesses strong intention to keep the prices down. However, low oil supply, petrochemical production costs are high regard for the decline in value of the market does not support the side of the supply and demand side saw, be cautious about the 1502 price reaches 12500-13000 yuan / ton range market pick-up reactions.

Translated by Google Translator from http://market.cria.org.cn/25/17489.html