I. Trend analysis
According to the data of business associations, this week (9.9-9.12) the domestic price of cis-butadiene rubber was basically stable. The price was maintained at 11325 yuan/ton, up or down by 0%.
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II. Market Analysis
Petrochemical ex-factory price stability: this week (9.9-9.12) domestic cis-butadiene rubber petrochemical factory ex-factory price stability, as of September 12, CNPC Northeast Sales Company cis-butadiene rubber price stability, the current Daqing Shuntine ex-warehouse pricing 11,100 yuan/ton, Jinzhou Shuntine 11,100 yuan/ton; CNPC Northwest Sales Company CIS of cis-butadiene rubber price stability: Dushan Zishun Dingku raised its price at 11 150 yuan/ton, of which 50 yuan/ton is storage fee; Sinopec North China Sales Company increased its price of cis-butadiene rubber at 11,100 yuan/ton in Qilu and 11,120 yuan/ton in Yanshan and 11,120 yuan/ton in North China.
Rubber imports declined in August: According to data released by the General Administration of Customs, China imported 538,000 tons of natural rubber and synthetic rubber (including latex) in August, a 2.71% decrease in the ring-to-ring ratio and an 11.8% decrease in the year-to-year ratio. Imports from January to August were 4.166 million tons, down 7.7% from 4.514 million tons in the same period last year.
Raw material prices remained high: raw material butadiene prices rose slightly this week to maintain a high price, the cost of cis-butadiene rubber support. Butadiene rose slightly by 0.31% at the beginning of the week and 10390 yuan per ton at the end of the week, according to the business association.
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Reduction of cis-butadiene supply: This week, the supply of cis-butadiene rubber continued to decrease, and the cis-butadiene rubber installations such as Lande, Dushanzi, Qixiang and Chuanhua in Xinjiang stopped. As a whole, the inventory of cis-butadiene rubber manufacturer continues to decrease, which is beneficial to the price of cis-butadiene rubber.
3. Prospects for the Future Market
Xu Xiaokun, an analyst with business associations, believes that although the price of butadiene, the upstream raw material, is high, international crude oil is facing adjustment, which has a negative effect in terms of cost. Later look at the cis-butadiene rubber market or adjustment risk.
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