Recently, the market for butadiene rubber has slightly declined

Recently (12.15-12.23), the market price of Shunding rubber has slightly declined. According to the commodity market analysis system of Shengyi Society, as of December 23, the market price of Shunding rubber in East China was 13860 yuan/ton, a decrease of 0.43% from 13920 yuan/ton on December 15. The price of raw material butadiene has slightly increased, and the cost of butadiene rubber is supported; Stable production of butadiene rubber; Downstream all steel tire production has slightly rebounded. The supply price of Shunding rubber suppliers is stable, and the quotes from merchants have been slightly adjusted. As of December 23, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangtze in East China are 13700~14050 yuan/ton.

Recently (12.15-12.23), the price of butadiene has slightly increased, providing support for the cost of butadiene rubber. According to the Commodity Market Analysis System of Shengyi Society, as of December 23, the price of butadiene was 10837 yuan/ton, an increase of 3.71% from 10450 yuan/ton on December 15.

Recently (12.15-12.23), there has been a slight fluctuation in the construction of domestic butadiene rubber plants, with overall construction around 7.7%.

Demand side: Downstream tires mainly provide essential support for the butadiene rubber market. As of December 20th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 6.20% of the load.

Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene will continue to rise slightly, and the cost of butadiene rubber will be supported; Recently, downstream construction has steadily increased slightly, providing support for the demand for butadiene rubber; However, the production of butadiene rubber has remained close to 80%, putting pressure on the supply side. Overall, the butadiene rubber market is expected to fluctuate within a certain range in the short term.