In November, the butadiene styrene rubber market was weak and fell. According to the Commodity Market Analysis System of Shengyishe, as of November 30th, the price of butadiene benzene 1502 was 11841 yuan/ton, a decrease of 5.89% from 12583 yuan/ton at the beginning of the month. In November, the supply of styrene butadiene rubber was loose, with downstream tire production increasing in the early stage and styrene butadiene rubber receiving demand support. In the later stage, downstream inquiries were wait-and-see, and market transactions were flat; At the end of the month, the high price of raw material butadiene decreased, and the overall price of styrene declined. The cost support for butadiene styrene rubber gradually weakened, and the overall price of butadiene styrene rubber declined.
In November, the supply of butadiene styrene rubber was mainly loose.
In October, the price of butadiene, a raw material for styrene butadiene rubber, was strong in the early stage and fell at the end of the month. The price of styrene was weak and fell, and the cost support for styrene butadiene rubber gradually weakened.
According to the Commodity Market Analysis System of Shengyishe, as of November 30th, the price of butadiene was 9125 yuan/ton, a decrease of 4.11% from 9516 yuan/ton at the beginning of the month; As of November 30th, the price of styrene was 8416 yuan/ton, a decrease of 4.17% from 8783 yuan/ton at the beginning of the month.
In October, the natural rubber market first rose and then fell, providing slightly stronger support for styrene butadiene rubber in the early stage. According to the Commodity Market Analysis System of Shengyishe, as of November 30th, the price was 12850 yuan/ton, a decrease of 0.08% from the beginning of the month’s 12860 yuan/ton, and the highest point in the cycle was 13160 yuan/ton.
Demand side: Tire production in November slightly increased compared to October, providing some essential support for rubber. However, as tires enter the off-season at the end of the year, tire factory production expectations are expected to decrease, and support for rubber may weaken in the future. It is understood that as of late November 2023, the operating load of all steel tires in rubber tire enterprises in Shandong region was 640%; The operating load of semi steel tires in domestic rubber tire enterprises is 7.8%.
Market forecast: Business Society analysts believe that downstream production is generally stable, but expectations are expected to decrease in the later stage. The supply of butadiene styrene rubber has slightly declined, and the price of raw material butadiene styrene has declined. It is expected that the butadiene styrene rubber market will remain weak in the later stage.
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