Oil-Extended SBS Market Was Dull in Q3, 2018

Oil-Extended SBS Market Was Dull in Q3, 2018

Feedstock prices trended down in September, and the demand for oil-extended SBS was limited. Therefore, most market participants held a bearish sentiment towards the oil-extended SBS market and operated according to market changes after the National Day holiday.

In the first three quarters of 2018, oil-extended SBS price trends appeared wave-shaped. As the demand for oil-extended SBS was soft, prices were mostly in the range of RMB 12,800/mt-RMB 13,800/mt in Q2 and Q3 of 2018. In several stages, 171E prices were higher than those of F875, due to the tight supply of it.

The supply of oil-extended SBS decreased slightly.

According to SCI’s data, the planned output of oil-extended SBS in China was about 170kt from January to September 2018, down 3.84% Y-O-Y. Therein, the planned output decreased greatly in February and September. In March, the increase in it was greater than that in the same period of last year. Moreover, with the cost pressure, the planned output of oil-extended SBS at Ningbo Changhong Polymer Scientific and Technical was limited in Q3 of 2018; the 815 output at Sinopec Baling Company was unstable; at Huizhou LCY Elastomers, as oil-extended SBS units were switched to produce other products, the supply decreased to some extent.

……

More detailed information, please click "Read more".