Began last week, styrene-butadiene rubber sales company has implemented limited billing bailout, coupled with traders very price will strongly market suddenly shifted, spot market continued pulled, or in more than one thousand yuan (t price, the same below) up to $ 1500. Meanwhile, the raw materials such as butadiene, styrene have interpretation rally also forming a support surface in cost. “In the short term, these factors, styrene-butadiene rubber rally will continue.” Oil Northeast sales Zhu so given the Director of the SBR market analysis.
Zhu chief, in early December, the the SBR market price compared with the beginning of the year has been deep or more than one-third of 500 to 1,000 yuan lower than in November. Nothing could be done, the sales began last week into the limited billing, reduced the supply of new goods, the maximum kinetic energy to promote the SBR market prices.
Limited billing led the market turned hot. Because the expected completion of the styrene-butadiene rubber bottoms rise into the channel, traders optimistic about the market mentality is strong, have protected disk reluctant sellers, the formation of the hype atmosphere. Plus industry cargo storage warehouse, or repay the pre-air one, take the volume to increase market
Inquiry fried up atmosphere intensified, continue to promote the high prices. In the oil marketing companies first hike SBR price of 300 yuan spot market offer Shun hanging open unit price of 1,000 yuan or more, after the wholesale price 500 yuan to rise again. Rosin 1502 rubber prices in the 16,800 to 17,000 yuan, the oil-filled 1712 rubber prices in the 15,300 to 15,500 yuan.
The cost surface strength is also the important factor styrene butadiene rubber bottomed out. Director Zhu said, butadiene prices bottomed rebound, raised the ex-factory price of rumors, traders have to give a reaction, butadiene the Quotes pull up more than 1,500 yuan, especially in the upstream and downstream enterprises despatch increase in cases, adds small diene upside momentum, low-cost goods are hard to find. Previous serious traders loss at the same time, the desire to cover the shortfall, the market pull up a strong atmosphere. Short term, butadiene manufacturers and traders work together to promote the next rally higher to continue.
The positive effect of styrene market outer disk drive as well as bulk cargo continuation sharply higher trend mainstream market price Glasgow up to 13,050 to 13,100 yuan, or 4%. Part of the downstream the contract cargo postponed, they turned to the spot market replenishment is the one of the rising energy. Styrene market will remain high in the case of inventory without significant change to run strong.
Styrene butadiene rubber market sluggish downstream demand is still difficult to fundamentally good biggest bad.
Wang, Jilin Province Shuntong tire company, that the fourth quarter demand for off-season tires, driven by reduced orders tightening of funds and other reasons, the intent to purchase of raw materials, light, more than getting goods by small single. While the downstream styrene butadiene rubber market rebounded more conflict
Wang’s words can be verified from the following data: November, heavy truck market of about pin car 44500, a growth of 2%, year-on-year decrease of 20.6%. 1 to 11 months, the heavy truck market accumulated pin of about 580,400 cars, down 29.6%. It is reported that Shandong tire factory finished high inventory for the end of the year to promote the sale of part of the tire price by 4%.
EU tire labeling law in November formally implemented, but most Chinese tire more at a lower level, so that foreign companies weakened intention to imports of styrene-butadiene rubber products, exports become a stumbling block to the healthy development of the tire industry.
SBR device operating rate in more than 80% of the supply side is relatively stable. Bridgestone annual output of 50,000 tons of styrene butadiene rubber device November 19 stoppages overhaul to mid-December.Supply side adequate short-term situation is hard to change.
External disk market goes down, is also bearish on the domestic market.By the oversupply of goods on the market, the development of the global automotive industry also significantly affect the slow, some Asian downstream tire manufacturers have dropped their operating rates. Asia is the world’s leading tire manufacturers Centre, export orientation, including the rest of Asia and Europe markets. Director Zhu SBR sufficient supply of competing goods from China and Europe.
Downstream tire manufacturers seek lower prices and heard cargo in December the price of the goods exported to China at $ 2,200 (CFR, Southeast Asia). The oil-filled 1712 rubber prices in 2000 to 2100 dollars (CFR, Southeast Asia).
In summary, by the support the limited billing as well as the raw material price factors, styrene-butadiene rubber market out of a nice rally, but bearish demand will limit the rebound in the duration and amplitude, long-term look at the bad will continue to prevail.
Source: CRIA
