Recently (3.18-3.26), the market price of butadiene rubber has slightly increased. According to the commodity market analysis system of Shengyi Society, as of March 26, the market price of butadiene rubber in East China was 13910 yuan/ton, an increase of 0.36% from 13860 yuan/ton on March 18. The price of raw material butadiene remains stable, while the cost of butadiene rubber maintains weak support; The production of butadiene rubber has fluctuated slightly, and the pressure on the supply side still exists; The downstream production is basically stable, mainly providing support for the rigid demand of butadiene rubber. Recently, the supply price of Shunding rubber suppliers has slightly decreased, and merchant offers have been slightly adjusted. As of March 26th, the mainstream prices of Shunding in Qilu, Daqing, Sichuan, and Yangtze in East China are 13800-14000 yuan/ton.
Recently (3.18-3.26), the price of butadiene has remained stable, with weak support from the cost of butadiene rubber. According to the Commodity Market Analysis System of Shengyi Society, as of March 26th, the price of butadiene remained stable at 11037 yuan/ton.
Recently (3.18-3.26), there has been a slight fluctuation in the construction of domestic butadiene rubber plants, with overall construction around 6.90%. Zhejiang Chuanhua’s 150000 tons/year Gaoshun Shunding rubber plant is scheduled to undergo a 25 day shutdown and maintenance from March 26th. The expected supply of butadiene rubber has slightly decreased.
Demand side: Downstream tire production is basically stable, mainly supporting the rigid demand of the butadiene rubber market. As of March 21st, the operating load of semi steel tires in domestic tire enterprises is around 8.30%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 6.9% 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 narrowly, and the cost support of butadiene rubber will continue to be weak; The temporary stability of downstream construction provides some support for Shunding Rubber. With some equipment maintenance plans in the later stage, the supply pressure of Shunding Rubber is expected to slightly decrease. Overall, it is expected that the Shunding Rubber market will consolidate in the later stage.
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