Industry News
SBS dry rubber export price or storage advantage consumption has decreased
Comparative Analysis of Monthly Import and Export of SBS Dry Adhesive in China
In December, the import volume of dry rubber (40021913) was 7089 tons, an increase of 54.12% month on month and 574.67% year-on-year. In 2023, the cumulative import volume of SBS dry rubber was 67080 tons, an increase of 43561 tons or 185.21% compared to 2022. Overall, the import volume in January, March, July, and October was flat, but all were higher than the average import volume in 2022; The import volume in August hit a new low for the year, followed by the second lowest import volume in September; In February, April, May, June, November, and December, import volume doubled, mainly due to a surge in Russian imports. Specifically, February reached a record high of 5333 tons, April reached a record high of 12726 tons, May reached 10656 tons, June reached 5393 tons, November reached 3126 tons, and December reached 5672 tons. In 2023, the monthly average import price of SBS dry rubber was mostly lower than the same period in 2022, with only slightly higher prices in August and September.
The export volume of dry rubber (40021913) in December was 5847 tons, an increase of 6.16% month on month and 23.57% year-on-year. In 2023, the cumulative export volume of SBS dry rubber was 68360 tons, an increase of 4843 tons or 7.62% compared to 2022. Overall, the export volume approached 5000 tons in February and June, ranged from 5000 to 6000 tons in January, May, July, August, October, November, and December, exceeded 6000 tons in March and September, and exceeded 7000 tons in April, which was the highest for the year; The cumulative number of exporting countries is 87, with strong export resilience and potential. From January to April, the export volume maintained a broad growth, but the export volume from May to September decreased compared to the same period in 2022. The increase in export volume from October to December led to an overall increase in exports, but the growth rate was limited. The price in US dollars is slightly higher year-on-year in February and March, and lower year-on-year in January and April December.
China's SBS dry rubber import and export production and sales countries/regions
From the perspective of import producing and marketing countries (regions), Russia, Taiwan, China, and Japan rank among the top three, accounting for 80%, 8%, and 7% respectively, accounting for 95% cumulatively. Other import production and sales countries such as the United States, South Korea, and Spain have over a hundred tons.
In terms of export production and sales countries (regions), the Netherlands, Italy, and Russia rank in the top three, accounting for 15%, 11%, and 9% respectively, and accounting for a total of 35% of dry rubber exports. More than 10 countries (regions) account for 32%, indicating strong export resilience. Within the month, there were 41 exporting countries, with no countries or regions exceeding a thousand tons. Within the year, countries with a monthly output of over 1000 tons have accumulated 4 times, including India (4 times), the United States (1 time), and the Netherlands (1 time).
January 2024 forecast: From January 1st to 26th, the ex factory price range of Sinopec 791-H is expected to increase by 11100-11700 yuan/ton. The high cost level supports the upward trend, causing losses in supplier profits, and steadily pushing up prices in the domestic SBS market. For imports, it is reported that under the price advantage of Russian sources, a large number of imports have continued, and there is a sound of exceeding 10000 tons in the market. For exports, there may be price advantages, but the consumption in the producing and selling countries may decrease, and the export volume may decrease to less than 5000 tons.
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