The market situation of butadiene rubber is weak and declining

Recently (3.20-3.31), the market price of butadiene rubber has been weak and declining. According to the commodity market analysis system of Shengyishe, as of March 31, the price of butadiene rubber in the East China region was 13610 yuan/ton, a decrease of 2.37% from 13940 yuan/ton on March 20. The high price of raw material butadiene provides support for the cost of butadiene rubber; The supply of butadiene rubber has slightly declined; Downstream tire production remained stable at a high level, and caution was exercised in the procurement of butadiene rubber. The price of butadiene rubber surged significantly and then fell back.



Recently (3.20-3.31), the price of butadiene has stabilized at a high level, with strong cost support for butadiene rubber. According to the Commodity Market Analysis System of Business Society, as of March 20th, the price of butadiene was 11532 yuan/ton, an increase of 0.03% from March 12th’s 11528 yuan/ton.


Recently (3.20-3.31), the production of butadiene rubber has slightly decreased.


Demand side: In the near future (3.20-3.31), downstream tire production has remained stable, providing some support for butadiene rubber. It is understood that as of late March, the operating load of semi steel tires in domestic tire enterprises was around 790%; The operating load of all steel tires in tire enterprises in Shandong region is close to 70%; But in the middle of the month, the price of butadiene rubber increased significantly, and downstream consumers resisted the high price, resulting in a slowdown in procurement efforts.


Market forecast: Business Society analysts believe that the price of raw material butadiene is still at a high level, and the cost support for butadiene rubber is strong; While some devices are being shut down and reduced in load, there are still other maintenance plans in the later stage, and the expectation of starting production of butadiene rubber is further reduced; The cost and commencement of production support the market for butadiene rubber. However, the current downstream resistance to the high priced supply of butadiene rubber has slowed down, putting pressure on the butadiene rubber market. Overall, the current butadiene rubber market is expected to maintain a high consolidation level in the short term.

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