Recently (7.22~7.28), the butadiene rubber market has slightly increased. According to the commodity market analysis system of Shengyi Society, as of July 28, the butadiene rubber market price in East China was 12200 yuan/ton, an increase of 0.74% from 12110 yuan/ton on July 22. The price of raw material butadiene has been adjusted narrowly, and the cost of butadiene rubber still has support; The production of butadiene rubber is basically stable; The downstream tire production is basically stable, and there is a strong demand for support for butadiene rubber. As of July 28th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11850-12300 yuan/ton.
Recently (7.22~7.28), the price of butadiene has fluctuated narrowly, and the cost of butadiene rubber still remains supported. According to the Commodity Market Analysis System of Shengyi Society, as of July 28th, the price of butadiene was 9466 yuan/ton, a decrease of 0.35% from 9500 yuan/ton on July 22nd. The high point during the cycle was 9583 yuan/ton, and the low point during the cycle was 9400 yuan/ton.
Recently (7.22~7.28), the domestic Shunding plant has been operating steadily, at around 6.70%. Some plants are planned to be shut down for maintenance in the later stage, which will alleviate the pressure on the supply side of Shunding rubber.
Demand side: Recently (7.22~7.28), the overall stability of downstream tire production has provided essential support for the butadiene rubber market. As of July 25th, the construction of semi steel tires by domestic tire companies has slightly increased to around 7.5%; The construction of all steel tires by tire companies in Shandong Province has slightly increased to around 6.5%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the raw material butadiene market will consolidate narrowly, and the cost of butadiene rubber will continue to be supported; The downstream tire production is basically stable, and the demand side is just in need of support. With the significant increase in the price of butadiene rubber since July, the downstream is gradually observing the high priced sources of goods, and it is expected that butadiene rubber will face adjustments in the short term.
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