This week (5.22-5.29), the market for butadiene rubber continued to be weak. According to the Commodity Market Analysis System of Business Society, as of May 29th, the domestic price of butadiene rubber was 10450 yuan/ton, a decrease of 2.34% from last Monday’s 10700 yuan/ton. The price of raw material butadiene has decreased, and the cost of cis-1,4-polybutadiene rubber has significantly decreased; During the cycle, the factory price of polybutadiene rubber supplier polybutadiene rubber was reduced by 300 yuan/ton, resulting in a decrease in merchant offers. According to the monitoring of Business Society, as of May 29th, the factory price of butadiene rubber at Sinopec North China Sales Company was reported at 10200 yuan/ton. As of May 29th, the mainstream prices of cis-1,4-polybutadiene rubber in the East China market of Qilu, Yanshan, Yangzi, Dushanzi, Sichuan, Qixiang, Zhenhua, etc. were between 10100 and 10600 yuan/ton.
The early shutdown device was restarted, and the pressure on the butadiene rubber supply surface continued to increase this week (5.22-5.29).
This week (5.22-5.29), the price of raw material butadiene continued to decline significantly, and the cost of cis-1,4-polybutadiene rubber continued to decline. According to the Commodity Market Analysis System of Business Society, as of May 29th, the price of butadiene was 7140 yuan/ton, a decrease of 6.12% from last Monday’s 7605 yuan/ton.
|Azodicarbonamide (AC foaming Agent)|
Weak demand This week (5.22-5.29), the natural rubber market is operating weakly, providing slight support for butadiene rubber. According to the Commodity Market Analysis System of Business Society, as of May 29th, the price of natural rubber was 11640 yuan/ton, a decrease of 1.19% from last Monday’s 11780 yuan/ton.
This week (5.22-5.29), the tire operating rate fluctuated slightly, which has a strong demand for rubber support but limited new space. It is understood that as of late May 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.4%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.1%.
Future Market Forecast: Business Society analysts believe that in the near future, some butadiene rubber plants will restart, increasing pressure on the supply side of butadiene rubber; Downstream construction fluctuates slightly, with limited support for butadiene rubber. Although natural rubber prices are slightly supported, natural rubber inventory is still accumulating, and short-term support for butadiene rubber is not optimistic. Overall, it is expected that butadiene rubber will experience weak consolidation in the short term.