Will anticipated market supply increase pull back the rising SBR price？

By October 2016,there were 11 ESBR (emulsion styrene butadiene rubber) produtive enterprises in China,with total capacity 1.47 million mt/a. This investigation cover all the ESBR production enterprises of China, including 2 in Northern China, 4 in Eastern China, 2 in Southern China, 2 in Northeast China and 1 in Northwest China.

Chinese SBR production output in September increased both year on year and month on month.
According to data released by oilcehmdata, September output increased by 8.91% m-o-m and 9% y-o-y. All units that shut down in August recovered production except long-term shutdown Lvgang unit and Lanzhou Petrochem extend its turnaround,especially Yangtze unit which shutdown since August has recovered production from September 20th,and now running 2 lines production with up to 90% utilisation rate.

January-September 2016 output down by 0.13%
China produced totally 655,100mt SBR rubber from January to September 2016, down by 0.13% year on year. Qilu Petrochem's SBR unit was running monthly output averagely at around 23,000mt since this year, higher than 20,000mt in 2015. From January to August 2016, Qilu company's SBR unit produced 185,000mt or so, up 13% from the same period of 2015. Secondly, Weitai and Lanzhou Petrochem's SBR output were seen with remarkably increase, and Shenhua and Zhechen company as well.
October 2016 Chinese SBR plants are planning a totally higher output
According to oilchemdata, October 2016 Chinese SBR plants are planning 81,500mt output, increasing 11,800mt from September, up 16.93% m-o-m. among which, 1502 planned a totally 39,850mt output (excluding 3150mt of 1502E),increasing 3950mt m-o-m; 1500E planned a totally 10,700mt output, increasing 4100mt m-o-m;oil rubber planned a totally 27,800mt output,increasing 2700mt m-o-m.

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