Operating Rate of ESBR Industry to Recover

Operating Rate of ESBR Industry to Recover

By the end of November 2018, there were 11 ESBR producers in China, with the total capacity of 1,470kt/a. All the producers were monitored and studied by SCI. Hereinto, 2 producers were located in North China, with the capacity of 350kt/a; 4 producers were located in East China, with the capacity of 480kt/a; 2 producers were located in South China, with the capacity of 150kt/a; 2 producers were located in Northeast China, with the capacity of 340kt/a; 1 producer was located in Northwest China, with the capacity of 150kt/a.

The monthly operating rate of the ESBR industry increased by 3.64% M-O-M but decreased by 4.48% Y-O-Y. The units at Zhejiang Vitile Rubber and Bridgestone (Huizhou) Synthetic Rubber ran normally. The units at Hangzhou Zhechen Rubber, Tianjin Lugang Petroleum Rubber and Fujian Fuxiang Chemical remained shut.

ESBR prices went down after increasing in November. Early this month, NR and polybutadiene prices trended down, which was a drag on the SBR market. Moreover, some marketing companies provided discounts for large buyers, arousing bearish sentiment. Yet, the expected price decrease was not realized. Besides, butadiene prices inched up. Traders held limited resources and started to replenish stocks. Thus, the trading atmosphere improved, and mainstream offers recovered.

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