SBR for the price reversal up resentment emphasis

1. Long congregation SBR Valuation

Product	Area	November 13 Valuation	November 14 Valuation	Change	Price Change (%)	Unit
1502	Shandong	12600	13200	+600	+4.76	Yuan / ton
1712	Shandong	11200	11700	+500	+4.46	Yuan / ton

Second, corporate dynamics

Today, Sinopec North, East, Central company raised SBR price 300 yuan / ton, Qilu 1502 at 13,300 yuan / ton, Qilu 1712 at 11,800 yuan / ton, then the North Oil Company edged with rose 200 yuan / ton, tomorrow focus on other sales companies Prices rose with intent.

Device: Fushun Petrochemical 200,000 tons / year plant May 17 onwards downtime, restart plans to postpone; Lanzhou Petrochemical old 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.

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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 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, starts about 7
Lanzhou Petrochemical	100,000 tons device two-line production 1778E/1500E; 5 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	–	13300	–	–	11800
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

2. Market dynamics

Sudden increase in petrochemical prices caused an uproar SBR market, because early traders upside down 400-500 yuan / ton operating empty one, for the price rise not fall, triggering orders more negative emotions. Although the afternoon market offer another price return to the newly opened position, but close to the weekend, in fact, a single trading inadequate. Another domestic Liao Tung Chemical butadiene fell to 9510 yuan / ton, the industry sentiment more cautious.

Market	As the region offer (yuan / ton)
Market	1502	1712
North Market	13200-13300	11700-11800
Shandong market	13200-13300	11700-11800
East China market	13200-13300	11700-11800
Fujian market	–	–
Guangdong market	–	–

3. Market outlook forecast

Adversity Sinopec SBR prices today rose 300 yuan / ton, the market reaction is mixed. On the one hand due to consider the cost of supply-side and supply factors, not supporting prices continue to fall, prices very city, the intention to stabilize the market sentiment. But difficult to fill pre-air one business, loss of amplification, stimulate more negative emotional purchases, and the other materials considered butadiene remained low, overwhelmed by the rebound is expected to support less, down speculation nor a minority. Close to the weekend, trading intentions still insufficient attention butadiene outer disk dynamic, exercise caution.

Translated by Google Translator from http://market.cria.org.cn/25/17606.html