Business agency: The market of Styrene-butadiene rose in July. According to the Commodity Market Analysis System of Business Society, as of July 28th, the price of butadiene benzene 1502 was at 11725 yuan/ton, an increase of 3.53% from 11325 yuan/ton at the beginning of the month. The price of raw material butadiene and styrene rose significantly, and the cost focus of Styrene-butadiene rebounded significantly; In July, the commencement of downstream tire factories slightly rebounded compared with the earlier stage, slightly supporting Styrene-butadiene; In July, the ex factory price of Styrene-butadiene was raised at the beginning of the month. As of July 28, PetroChina Northeast Sales Company Jilin Petrochemical SBR 1502 Northeast Warehouse raised the price by 11900 yuan/ton, and the domestic Styrene-butadiene 1502 market quotation range was around 11600~12100 yuan/ton.
On the whole, the operation of Styrene-butadiene unit in July fell slightly, but it is expected to increase later.
In July, the prices of butadiene and styrene, raw materials of Styrene-butadiene, rose significantly, and the cost focus of Styrene-butadiene moved up significantly.
According to the Commodity Market Analysis System of Business Society, as of July 28th, the price of butadiene was 7201 yuan/ton, an increase of 20.56% from 5973 yuan/ton at the beginning of the month; As of July 28th, the price of styrene was 8125 yuan/ton, an increase of 13.42% from 7163 yuan/ton at the beginning of the month.
In July, the natural rubber market fluctuated slightly higher but still remained at a low level, with a small price difference with Styrene-butadiene, which could not support Styrene-butadiene. According to the Commodity Market Analysis System of Business Society, as of July 28th, the price was at 11960 yuan/ton, an increase of 1.27% from 11810 yuan/ton at the beginning of the month, and the highest point in the cycle was 12150 yuan/ton.
Demand side: The tire operating rate slightly increased in July, with a slightly stronger demand for rubber support compared to the previous period. It is understood that as of late July 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.2%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.2%.
Future market forecast: business community analysts believe that at present, the downstream construction has slightly improved compared with the early stage, but the supply side of Styrene-butadiene is expected to increase in the later stage. The supply and demand side forms a weak support for Styrene-butadiene market, while the cost side is expected to run at a high level. On the whole, it is expected that the Styrene-butadiene market will rise tentatively in the short term, and the price will increase in the supply side with the restart of some devices in the later stage or will be adjusted in a narrow range.
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