SBR market trends stabilize merchant ship fare

1. SBR Long Valuation

Product	Area	March 19 Valuation	March 20 Valuation	Change	Change (%)	Unit
1502	Shandong	11300	11400	+100	+0.88	Yuan / ton
1712	Shandong	10150	10250	+100	+0.98	Yuan / ton

Today SBR market rose slightly in Shandong Province, Qilu valued at about 11,400 yuan 1502 / ton, Qilu 1712 is estimated at 10,250 yuan / ton, up from about 0.88-0.98%. Sinopec plans on the part of households billing reduction, increase business take the goods. Afternoon North company raised SBR listing price of 100 yuan / ton, traders continue to raise prices upward.

2. News

Sinopec afternoon north, central SBR company listed price was up 100 yuan / ton, with other big area leveling, Qilu 1502 at 11,400 yuan / ton, Qilu 1712 at 10,300 yuan / ton.

Device Parking Information: Fushun Petrochemical 200,000 tons / year unit three parking; Tianjin Harbour Ring device 2013.6.9 date parking across the board, plans to restart production this month 1500E grades; Jilin Petrochemical unit reduction of production; Portland, Fu oak, Zhe Chen Nantong Shenhua line stop.

Factory	Dynamic Device
Qilu Petrochemical	Two-wire 1502 100,000 tons device; 150,000 tons / year styrene-butadiene unit line 1502, two-line 1712
Jilin Petrochemical	150,000 tons device tier parking, front-line production 1500E, 1502 production line
Nantong Shenhua	180,000 tons device two production lines, line maintained parking, 5-6 to start the load
Lanzhou Petrochemical	100,000 tons device production line 1500E, line parking ; 50,000 tons / year plant parking
Yang Jin Rubber	Two lines producing 100,000 tons device 1502, started a load of 5
Tianjin Harbour Ring	100,000 tons device 2013.6.9 parking across the board from the device; plans this month to restart production 1500E grades
Hangzhou, Zhejiang morning	100,000 tons / year styrene-butadiene unit production line 1502, another line parking
Fu Rubber Chemicals	100,000 tons / year styrene-butadiene unit production line 1502, line parking

Sales Company	Product models offer ($ / ton)
Sales Company	1500	1502	1500e	1502e	1712
Sinopec North (listed)	–	11400	–	–	10300
Petroleum South	–	11300	–	11300	–
North China Petroleum (listed)	11300	11300	11300	11300	–
PetroChina East China	11300	11300	11300	11300	10200
Sinopec South (listed)	–	11200 (Fu oak)	–	–	10200 (Fu oak)
Nantong Shenhua (listed)	–	14500	–	–	12500

3. Market dynamics

SBR market today narrow adjustment, petrochemical reductions on the part of billing households, businesses do not intend to lower the tentative increase shipments to fill the empty part of the business receiving the amount of a single, overall take the goods in general. But downstream plants to maintain flat procurement, business confidence is still insufficient.

Market	As of this morning, all regions offer ($ / ton)
Market	1502	1712
North Market	11300-11400	10200-10400
Shandong market	11300-11400	10200-10400
East China market	11300-11600	10400-10500
Fujian market	11000-11500	10100-10200
Guangdong market	11200-11500	–

4. Outlook forecast

SBR market stabilized today, Sinopec north, central company listed SBR prices rose 100 yuan / ton, with other big area leveled, and the reduction of some billing households, affected traders do not intend to lower the SBR, tentatively resistance increases take the goods. But downstream procurement doldrums, other raw butadiene lower outer plate, choppy natural rubber, styrene-butadiene does not have to rise to support the short-term market remains cautious.

Translated by Google Translator from http://market.cria.org.cn/25/19801.html