SBR trading conditions continued to weaken the morale of inadequate

1. SBR Long Valuation

Product	Area	December 16 Valuation	December 17 Valuation	Change	Change (%)	Unit
1502	Shandong	12900	12850	-50	-0.39	Yuan / ton
1712	Shandong	11900	11850	-50	-0.42	Yuan / ton

2. News

SBR prices steady today Sinopec Qilu, Yangzi 1712 at 11,700 yuan / ton, Qilu, Yangzi 1502 glue 12,800 yuan / ton. Some companies around the oil prices down 200 yuan / ton, including the South China region Jihua 1502 low price of 12,700 yuan / ton, the price is still high in other regions, ranging between 13000-13300 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	–	12700	–	12700	–
North China Petroleum	13000	13000	13000	13000	11700
PetroChina East China	13000	13000	13000	13000	11700
Sinopec South	–	12600 (Fu oak)	–	–	11600 (Fu oak)
Nantong Shenhua (listed)	–	16000	–	–	14000

3. Market dynamics

Today, styrene butadiene rubber market continued to weaken slightly pattern, the industry’s lack of confidence, lack of real trading, the trade continues to loose Daily dish down, close to the petrochemical billing rates, and in particular the regional market in southern poor, styrene-butadiene rubber part blessing there upside down 200 yuan / ton offer. Some traders said that the stock is still not high, sell low unintentionally maintain fare offer.

Market	As of this morning, all regions offer ($ / ton)
Market	1502	1712
North Market	12800-12900	11900-12000
Shandong market	12800-12900	11900-12000
East China market	12700-13100	11700-12000
Fujian market	12400-12800	11500
Guangdong market	12600-12800	–

4. Outlook forecast

Downstream stocking long overdue start early part of the plant in southern region of holiday; Shouchu affect the release is complete, HuJiao lower; CNPC high price correction, the collapse of the market morale, business profits gradually from positive to negative, short-term analysis of the probability of the consolidated downstream SBR increased. But supply-side expressed inventory low, no pressure sales last month, prices fall within a narrow range to stimulate demand meaningful ideas guiding concern supply market, and the prices continue stalemate.

Translated by Google Translator from http://market.cria.org.cn/25/18266.html