Recently, the domestic price of rosin gum kept at 14600 ~ 15100 yuan (ton price, the same below), oil-filled plastic quoted at 12200 ~ 12900 yuan, both with the same period last month basically the same.
In early October, due to the long holiday period, merchants basically withdrew from the market and the market transaction was almost stagnant. Although the Jilin Third Line has resumed production during the holiday season, the market has not been affected because of the lack of bulk supply to enter the market, eliminating the panic of the market. After the holiday, the natural rubber market has reached new heights. On the one hand, it has produced positive effects on the SBR market. The impact, on the other hand, also brought greater cost pressures to the downstream processing industry, which led to a decrease in the operating rate of some downstream companies and a decrease in demand. The styrene-butadiene rubber market experienced a prosperous season. However, under the support of strong firm quotes, the styrene-butadiene rubber market was relatively stable in the first half of the month.
In the second half of the month, the natural rubber market's turmoil has affected the confidence of market participants. The bearish atmosphere in the market has been aggravated. The downstream processing industry has faced high cost pressures, and it is not ready for use in the downstream industry. The rubber market has gradually weakened. However, this situation was reversed with fluctuations in Jilin Chemical's production. Due to problems in the Jilin ethylene plant, the production of styrene-butadiene rubber fell sharply. As the amount of goods flowing from Jilin into the market continued to decline, the trading environment in various markets became active. However, due to the weak demand, the transaction volume was not significantly enlarged. In some regions, the prices rose slightly, and the market moved towards the end of the month.
With the restoration of normalized production at the end of the Lanhua inspection, the Jilin ethylene plant will return to normal and maintain full production. The supply of domestic styrene-butadiene rubber will increase slightly. The downstream consumer demand will remain flat in the absence of signs of improvement in the processing industry. ; And the expected major raw materials will fall sharply, imports will increase over the same period last year, and the natural rubber market will oscillate at a high level. Under the combined effect of the above factors, it is expected that the SBR market will steadily decline in the second half of November.
In early October, due to the long holiday period, merchants basically withdrew from the market and the market transaction was almost stagnant. Although the Jilin Third Line has resumed production during the holiday season, the market has not been affected because of the lack of bulk supply to enter the market, eliminating the panic of the market. After the holiday, the natural rubber market has reached new heights. On the one hand, it has produced positive effects on the SBR market. The impact, on the other hand, also brought greater cost pressures to the downstream processing industry, which led to a decrease in the operating rate of some downstream companies and a decrease in demand. The styrene-butadiene rubber market experienced a prosperous season. However, under the support of strong firm quotes, the styrene-butadiene rubber market was relatively stable in the first half of the month.
In the second half of the month, the natural rubber market's turmoil has affected the confidence of market participants. The bearish atmosphere in the market has been aggravated. The downstream processing industry has faced high cost pressures, and it is not ready for use in the downstream industry. The rubber market has gradually weakened. However, this situation was reversed with fluctuations in Jilin Chemical's production. Due to problems in the Jilin ethylene plant, the production of styrene-butadiene rubber fell sharply. As the amount of goods flowing from Jilin into the market continued to decline, the trading environment in various markets became active. However, due to the weak demand, the transaction volume was not significantly enlarged. In some regions, the prices rose slightly, and the market moved towards the end of the month.
With the restoration of normalized production at the end of the Lanhua inspection, the Jilin ethylene plant will return to normal and maintain full production. The supply of domestic styrene-butadiene rubber will increase slightly. The downstream consumer demand will remain flat in the absence of signs of improvement in the processing industry. ; And the expected major raw materials will fall sharply, imports will increase over the same period last year, and the natural rubber market will oscillate at a high level. Under the combined effect of the above factors, it is expected that the SBR market will steadily decline in the second half of November.