SBR operation intention insufficient overall atmosphere Guadan

1. Long congregation SBR Valuation

Product	Area	November 15 Valuation	November 18 Valuation	Change	Price Change (%)	Unit
1502	Shandong	13100	13100	–	–	Yuan / ton
1712	Shandong	11700	11700	–	–	Yuan / ton

2. Corporate dynamics

Today in the petrochemical, oil SBR price stability, Qilu 1502 at 13,300 yuan / ton, Qilu 1712 at 11,800 yuan / ton. PetroChina East China, Northwest overwhelmed prices did not follow up, Jihua 1502 remained at 13,000 yuan / ton price, open single-family orders intent is still not high, Oil and maintain listing sales.

Device: Fushun Petrochemical 200,000 tons / year plant to restart production line last week, two 1502,1500 E, the other two lines parking; Lanzhou Petrochemical old 50,000 tons device completely stop; Tianjin Lugang device 6.9 across the board from the date of parking; Jilin Petrochemical Plants Less volume 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, 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	–	13300	–	13300	–
North China Petroleum	13300	13300	13300	13300	11800
PetroChina East	13000	13000	13000	13000	11500
Sinopec South	–	13100 (Fu oak)	–	–	11700 (Fu oak)
Nantong Shenhua (listed)	–	16000	–	–	14000

3. Market dynamics

Weekly SBR flat overall market sentiment, the downstream sporadic small single stocking, lack of intent to purchase, the transaction price is still the intention upside down. However, market traders pre-empty list has not been filled, unintentional loss of orders, coupled with new demand, plan warehouse waiting to see how low households, supply flow slowly.

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	13000-13300	11700
Guangdong market	13100-13400	–

4. Market outlook forecast

Adversity supplier price increases SBR 300 yuan / ton, the market trading into a more stalemate. On the one hand, the upstream supplier butadiene inventory is not high, do not rule out the prices continue to rise quite possible; On the other hand, in the bottom of the current market prices are held resentment circulation blocked, and butadiene prices, natural rubber market slump, alone for the Italian side a very price support insufficient, investors fear a greater risk of falling. Differences in market expectations, cautious mood has not changed.

Translated by Google Translator from http://market.cria.org.cn/25/17660.html