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The specific reason is still worrying the prospect of styrene butadiene rubber
Since the second half of 2014, styrene butadiene rubber market has been in the fall of the situation, in February this year, soaring market pull by raw materials, finally going out, ushered in a wave of returning to the rally, as of April 28th 1502, styrene butadiene rubber and styrene butadiene rubber 1712 has risen 17.4% and 16.5% respectively. But think carefully, we will find that the short-term costs may only promote the market supply and demand pattern flower briefly as the broad-leaved epiphyllum, pile up in excess of requirement will still be the main contradiction of long-term butadiene rubber market, its prospects are worrisome.
Styrene butadiene rubber market rally round is the main raw material to rise rapidly based on butadiene. The April Asian cracker centralized parking overhaul, and South Korea Lotte 1000000 tons / year cracker decided to use LPG as raw materials, further tightening of market supply. The domestic supply is stretched, Daqing Petrochemical 175000 tons / year plant, Dushanzi Petrochemical 130000 tons / year plant and Beijing Yanshan Petrochemical 60000 tons / year of devices such as parking traders holding stock Co., prices sharply higher. As the main raw material for the production of butadiene styrene butadiene rubber, the proportion of more than 70%, the cost soared to SBR rebound opportunity.
Although the high cost of good market, but the excess supply is still a major problem of styrene butadiene rubber industry. According to statistics, by the end of 2014, the total production capacity of styrene butadiene rubber in China is about 1870000 tons, apparent consumption of about 1600000 tons, excess capacity. In 2015, there will be 400000 tons of new capacity projects, in 2015 more sluggish demand, overcapacity has become increasingly prominent contradictions will undoubtedly become the catalyst of styrene butadiene rubber market.
On the demand side, since 2014, our country have enemies in front and rear tire market. Is the first domestic market has experienced a few years ago, in the era of high growth after 2014, China began to tire the downstream automotive industry return to rational. According to statistics, in 2014 Chinese automotive industry sales reached 23491900, but the growth rate has dropped from 6.86% to 13.87% in 2013. The domestic market, so many companies are turning to tire exports, however, tire export enterprises also face tough. In 2014 June, American Chinese of passenger car and light truck tires launched "double reverse survey" was released in early 2015, the anti-dumping preliminary results that China tires product dumping, Giti and Sailun two enterprises respectively 19.1% and 36.26% tax rate, the enterprises will be traced back to 90 days before the preliminary anti-dumping tax. The double reverse investigation found the results once implemented, will undoubtedly mean that American of Chinese tyres basically closed the door. The Russian Ruble plunge Disasters pile up on one another., 2014, as the beginning, the ruble has depreciated by about 50%, or severe attract sb.'s attention. The devaluation of the rouble hit China's tire exports, many enterprises to enter the Russian market Chinese profit has shrunk dramatically in 2014, Kazakhstan Belarus Union anti-dumping investigations initiated, makes a lot of Chinese tire enterprises reduce business share of exports to Russia, some even stopped exports. Inside and outside is blocked, the tire market demand is difficult to improve, suffer unspeakably, is fundamentally inhibited the benign development of butadiene rubber market.
In addition, the relevant products of natural rubber is also vulnerable to styrene butadiene rubber market to form drag. Since 2014, natural rubber has been in a downward trend, with 1 standard rubber, for example, its price by 17500 yuan / ton in early 2014 to 12400 yuan / ton, down 29.1%. Because the tire production proportion in natural rubber has the flexibility, relatively low, tire manufacturers often choose to use more high-quality natural rubber as raw material, which will further depress demand of styrene butadiene rubber.
Overall, 2015 SBR market will still accept the test of the contradiction between supply and demand, although the short-term may be due to tight supply of raw materials or other reasons caused by the increase of parking and high price, but the downturn in the downstream drag, SBR is still optimistic about the market outlook.
This article from Shenzhen City Qiyu Silicone Rubber Co. Ltd.: http://www.szhcty.com/news_v.asp id=402?
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