The butadiene rubber market in December showed an upward trend in the early stage, but fell back from its peak at the end of the month. According to the commodity market analysis system of Shengyi Society, as of December 31, the butadiene rubber market price in East China was 13720 yuan/ton, an increase of 2.54% from 13380 yuan/ton at the beginning of December, and the high point during the cycle was 13920 yuan/ton. The price of raw material butadiene has significantly increased, and the cost center of butadiene rubber has shifted upwards; Shunding rubber production has increased, and supply pressure is expected to increase; Downstream tire production has steadily increased slightly, providing strong support for the demand for butadiene rubber., As of December 31st, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 13650-13850 yuan/ton.
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Since December, the price of butadiene has significantly increased, and the cost center of butadiene rubber has shifted upward. According to the Commodity Market Analysis System of Shengyi Society, as of December 31st, the price of butadiene was 10800 yuan/ton, an increase of 11.05% from 9725 yuan/ton at the beginning of December.
In December, the construction of domestic butadiene rubber plants increased to around 7.7%, and the supply pressure of butadiene rubber will slightly increase in the later period.
Demand side: Since December, downstream tire production has remained stable with a slight increase, and demand is supported by the strong demand in the butadiene rubber market. As of December 31st, the operating load of semi steel tires in domestic tire enterprises was around 7.9%; The operating load of all steel tires in Shandong tire enterprises has slightly increased to about 6.20%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene has significantly increased, and the cost support for butadiene rubber remains strong; The production of butadiene rubber has slightly increased, and the pressure on the supply side has increased; The current downstream tire production is stable with slight fluctuations, and overall, the market for Shunding rubber is expected to fluctuate and consolidate in the short term.
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