SBR callback for the price of high-end market sentiment continued

1. SBR Long Valuation

Product	Area	December 13 Valuation	December 16 Valuation	Change	Change (%)	Unit
1502	Shandong	12950	12900	-50	-0.39	Yuan / ton
1712	Shandong	11950	11900	-50	-0.42	Yuan / ton

2. News

Petroleum sales of high-end part callbacks for the price of 200-300 yuan / ton, Jilin, Portland 1502 prices between 12900-13300 yuan / ton range, some companies billing discount. Sinopec Qilu, Yangzi 1712 at 11,700 yuan / ton, Qilu, Yangzi 1502 glue 12,800 yuan / ton.

Device: Fushun Petrochemical 200,000 tons / year plant two-line parking; Lanzhou Petrochemical 50,000 tons of old equipment thoroughly parking; Tianjin Harbour Ring device 6.9 across the board from the date of parking; Jilin Petrochemical unit reduction of production; Zhe Chen device line stop. Fu oak Petrochemical 100,000 tons / year styrene-butadiene unit Oct. 28 from across the board stop, restart or postponed to January; Qilu Petrochemical production equipment product line swap, 1712 reduced production, increased 1502 production.

Factory	Dynamic Device
Qilu Petrochemical	150,000 tons two lines / year styrene butadiene unit 1502, line 1712; 100,000 tons two-wire devices 1502, 1712 this month, just over 6000 tons planned product
Jilin Petrochemical	150,000 tons device tier parking, front-line production 1500E, 1502 production line
Nantong Shenhua	180,000 tons device production line 1502, and the other a 1712 oil-filled cable, the other a line 1502E, 1723 to switch production, started 8 percent
Lanzhou Petrochemical	Two-wire devices produce 100,000 tons 1502E/1500E; 5 tons / year plant parking
Yang Jin Rubber	Two-line plant capacity 100,000 tons 1502, in the 10th line changeovers 1712
Tianjin Harbour Ring	100,000 tons device means the full range of parking from 6.9 days
Hangzhou, Zhejiang morning	100,000 tons / year styrene-butadiene unit line stop, line producing 1712
Fu Rubber Chemicals	100,000 tons / year styrene-butadiene unit since October 28 are double parking, car or postponed to January

Sales Company	Product models offer ($ / ton)
Sales Company	1500	1502	1500e	1502e	1712
Sinopec North	–	12800	–	–	11700
Petroleum South	–	12900	–	12900	–
North China Petroleum	13200	13200	13200	13200	11900
PetroChina East China	13000	13000	13000	13000	11700
Sinopec South	–	12600 (Fu oak)	–	–	11600 (Fu oak)
Nantong Shenhua (listed)	–	16000	–	–	14000

3. Market dynamics

SBR morale even more inadequate trading today, closing weekend butadiene continue dropping, Oil marketing companies for the price of high-end pullback, although little actual impact on petrochemical prices, but the market turn an empty business mentality, the intention to continue trading slowed, wait based.

Market	As of this morning, all regions offer ($ / ton)
Market	1502	1712
North Market	12900-13000	12000
Shandong market	12900-13000	12000
East China market	12900-13100	11800-12000
Fujian market	12600-13000	11600
Guangdong market	12700-13000	–

4. Outlook forecast

Petroleum prices fell exacerbate high SBR industry is expected to see an empty spot market continues to weaken, prices gradually close the opening price. Although butadiene external disk callback, but synthetic rubber production cost is still high, in addition to the petroleum and petrochemical SBR low inventory, supply-side price is not strong intent. Below the market saw, SBR continuation of the impasse, waiting for news guidelines.

Translated by Google Translator from http://market.cria.org.cn/25/18244.html