SBR: Focus on market transactions deserted petrochemical prices

1. Long congregation SBR Valuation

Product	Area	November 11 Day Valuation	November 12 Valuation	Change	Price Change (%)	Unit
1502	Shandong	12700	12600	-100	-0.78	Yuan / ton
1712	Shandong	11200	11000	–	–	Yuan / ton

2. Corporate dynamics

Today in the petroleum, oil steady SBR prices, state-run over 1502 in the 13,000 yuan / ton, 1712 at 11,500 yuan / ton, oil companies listed sales, because low inventory, billing less.

Device: Fushun Petrochemical 200,000 tons / year plant May 17 onwards downtime, restart plans to postpone; Lanzhou Petrochemical 100,000 tons device two-line production 1778E, 1500E, but the production load is not high, 50,000 tons device completely stop; Tianjin Lu Hong Kong unit 6.9 across the board from the date of parking; Jilin Petrochemical production unit reduction; 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.

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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 1,502 recent short-term parking cleanup plan
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, 60% of the load, 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	–	13000	–	–	11500
Petroleum South	–	13000	–	13000	–
North China Petroleum	13000	13000	13000	13000	11500
PetroChina East	13000	13000	13000	13000	11500
Sinopec South	–	12800 (Fu oak)	–	–	11400 (Fu oak)
Nantong Shenhua (listed)	–	16000	–	–	14000

3. Market dynamics

Today SBR watching the market sentiment is still strong, the decline in value is expected to become more intense, downstream plants are waiting for lower prices and traders after replenishment, Real Simple demand cold, and there are still individual traders depress prices for low sales, the primary agents reported tray of little significance.

Market	As of the morning of the region offer (yuan / ton)
Market	1502	1712
North Market	12800-13000	11300-11500
Shandong market	12600-13000	11200-11500
East China market	12800-13000	11500
Fujian market	12500-13000	11500
Guangdong market	12700-13000	–

4. Market outlook forecast

Strong bearish expectations, no new price before the petrochemical market remained deadlocked sidelines, tomorrow continue to focus on petrochemical prices news, short-term downtrend continuation. Current market long and short stalemate, while oil inventories low, petrochemical plant parking areas in Fujian, Yang Jin started under load, Qilu device by the recent scheduling Bulk cleanup plan directs and parking supply reduction. But the downstream side expected a weak close to the year will involve inventory liquidation or interference such funds face narrowed, slowing demand, on the downstream market confrontation, coupled with related products butadiene rubber also lower, SBR industry trader interest waning.

Translated by Google Translator from http://market.cria.org.cn/25/17549.html