Recently (8.11-8.25), the butadiene rubber market has fluctuated and risen. According to the commodity market analysis system of Shengyi Society, as of August 25th, the butadiene rubber market price in East China was 12020 yuan/ton, an increase of 1.01% from 11900 yuan/ton on August 11th. The price of raw material butadiene has slightly increased, and the cost of butadiene rubber still has support; The expected start of production for Shunding rubber has slightly decreased; Downstream tire production has slightly increased, providing support for the demand for butadiene rubber. As of August 25th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11900~12200 yuan/ton.
Recently (8.11-8.25), the price of butadiene has fluctuated slightly higher, and the cost of butadiene rubber still has support. According to the Commodity Market Analysis System of Shengyi Society, as of August 25th, the price of butadiene was 9333 yuan/ton, an increase of 2.75% from 9083 yuan/ton on August 11th.
Recently (8.11-8.25), the domestic Shunding plant has started operating at around 6.90%, and there are maintenance plans for the later stage of the plant. It is expected that the supply pressure will not be high.
Demand side: Recently (8.11-8.25), downstream tire production has slightly increased, providing strong support for the demand in the butadiene rubber market. As of August 22, the construction of semi steel tires by domestic tire companies has slightly increased to around 7.40%; 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 raw material prices will rise slightly, downstream tire production will increase slightly, and with the arrival of the peak season, it is expected that butadiene rubber will experience a volatile rise in the later period.
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