Recently (8.1-8.11), the butadiene rubber market has been fluctuating and consolidating. According to the commodity market analysis system of Shengyi Society, as of August 11th, the butadiene rubber market price in East China was 11900 yuan/ton, a decrease of 0.50% from 11960 yuan/ton on the first day. The price of raw material butadiene has been adjusted narrowly, and the cost of butadiene rubber still has support; The expected start of production for butadiene rubber has slightly increased; The downstream tire production is basically stable, and there is a strong demand for support for butadiene rubber. As of August 11th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11800 to 12200 yuan/ton.
Recently (8.1-8.11), 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 August 11th, the price of butadiene was 9083 yuan/ton, an increase of 0.37% from 9050 yuan/ton on the 1st. The high point during the cycle was 9100 yuan/ton, and the low point during the cycle was 8916 yuan/ton.
Recently (8.1-8.11), the domestic butadiene rubber plant has started operating at around 6.80%, and the supply of butadiene rubber is expected to increase slightly in the short term.
Demand side: Recently (8.1-8.11), the overall stability of downstream tire production has provided essential support for the butadiene rubber market. As of August 8th, the construction of semi steel tires by domestic tire companies has slightly increased to around 7.20%; The construction of all steel tires by tire companies in Shandong Province has slightly increased to around 6.3%.
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. Some devices are planned to restart this week, and the pressure on the supply side of butadiene rubber has increased. However, with the arrival of the traditional peak season, it is expected that butadiene rubber may fluctuate and rise in the later period.
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