Recently (2.11-2.23), the market for butadiene rubber has been weak and slightly declining. According to the commodity market analysis system of Shengyi Society, as of February 11th, the market price of butadiene rubber in East China was 14300 yuan/ton, a decrease of 3.57% from 14830 yuan/ton on the 11th. The price of raw material butadiene has significantly decreased, and the cost center of butadiene rubber has dropped significantly; The production of butadiene rubber remains low, and the pressure on the supply side is relatively small; After the holiday, downstream construction gradually increased, mainly supporting the demand for butadiene rubber. Recently, the supply prices of Shunding rubber suppliers have been gradually lowered, and the quotes from merchants have been weak and declining. As of February 23, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangtze in East China are 14200-14550 yuan/ton.
Recently (2.11-2.23), the price of butadiene has significantly decreased, and the cost center of butadiene rubber has dropped significantly. Recently, due to the expected increase in butadiene supply, downstream inventory, and low production of synthetic rubber, the downward trend in butadiene prices has intensified. According to the Commodity Market Analysis System of Shengyi Society, as of February 23, the price of butadiene was 11587 yuan/ton, a decrease of 8.31% from 12637 yuan/ton on the 11th.
Recently (2.11-2.23), the construction of domestic butadiene rubber plants has remained at a low level, with overall construction around 6.10%.
Demand side: Downstream tire production will increase after the holiday, mainly supporting the demand for butadiene rubber market. As of February 20th, the operating load of semi steel tires in domestic tire enterprises is around 8.0%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 6.7% of the load.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that in the short term, the price of butadiene will consolidate weakly, and the cost support of butadiene rubber will continue to be weak; Post holiday downstream construction will increase; The production of butadiene rubber remains at a low level, and overall, it is expected that the butadiene rubber market will consolidate in the later period.
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