Recently (2.4-2.11), the market for butadiene rubber has been weak and slightly declining. According to the commodity market analysis system of Shengyi Society, as of February 11, the market price of butadiene rubber in East China was 14830 yuan/ton, a decrease of 1.13% from the pre holiday price of 15000 yuan/ton. The price of raw material butadiene has been adjusted narrowly, and the cost of butadiene rubber is still supported; Shunding rubber production continues to decline, with less pressure on the supply side; Downstream construction is still at a low level after the holiday. Recently, the supply prices of Shunding rubber suppliers have remained stable, and there has been a weak adjustment in merchant offers.
Recently (2.4-2.11), the price of butadiene has been adjusted narrowly, and the cost of butadiene rubber continues to be supported. According to the Commodity Market Analysis System of Shengyi Society, as of February 11th, the price of butadiene was 12637 yuan/ton, a decrease of 0.20% from the pre holiday price of 12662 yuan/ton.
Recently (2.4-2.11), the construction of domestic butadiene rubber plants has remained at a low level, with overall construction around 6.20%.
Demand side: After the Spring Festival, downstream tire production has been low, and the atmosphere of terminal buying is flat, resulting in relatively light demand for butadiene rubber.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene will stabilize at a high level, and the cost of butadiene rubber will continue to be strongly supported; Downstream production is low after the holiday, and market transactions remain weak; Shunding rubber production remains at a low level, but with the restart of the Haopu unit and the trial run of the new unit at Yulong Petrochemical after the holiday, the supply side is expected to increase in the later period. Overall, under the influence of demand and supply, it is expected that the Shunding rubber market will consolidate weakly at a high level in the later period.
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