Recently (5.1-5.12), the butadiene rubber market has slightly improved. According to the commodity market analysis system of Shengyi Society, as of May 12th, the butadiene rubber market price in East China was 12010 yuan/ton, an increase of 0.50% from 11950 yuan/ton at the beginning of May. The price of raw material butadiene has dropped significantly, and the cost center of butadiene rubber has shifted downwards; The production of butadiene rubber has increased, and the pressure on the supply side has slightly increased; In April, the production of semi steel tires in the downstream remained stable, while the production of all steel tires slightly decreased, which slightly weakened the support for the demand for butadiene rubber. As of April 29th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11850-12250 yuan/ton.
Recently (5.1-5.12), the price of butadiene has slightly increased, and the cost center of butadiene rubber has shifted upward. According to the Commodity Market Analysis System of Shengyi Society, as of May 12th, the price of butadiene was 9333 yuan/ton, an increase of 2.94% from 9066 yuan/ton at the beginning of May.
Recently (5.1-5.12), the construction of domestic butadiene rubber plants has significantly increased, with the overall construction rate rising from around 6.70% at the end of April to around 7.50%, resulting in increased pressure on the supply side of butadiene rubber.
Demand side: Recently (5.1-5.12), downstream tire production has significantly decreased, which has weakened the support for the butadiene rubber market. As of May 9th, the operating load of semi steel tires in domestic tire enterprises is around 5.8%; The operating load of all steel tires in tire enterprises in Shandong region is about 4.5%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of butadiene will slightly increase in the short term, and the cost support for butadiene rubber will still be weak; The decline in downstream production has a bearish impact on Shunding Rubber, with weak transactions. Overall, it is expected that the Shunding Rubber market will consolidate weakly in the later period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7500 yuan/ton on May 6th and 7428 yuan/ton on May 12th, a decrease of 0.96% during this period. LDPE (2426H) had an average price of 9216 yuan/ton on May 6th and 9116 yuan/ton on May 12th, a decrease of 1.08% during this period. HDPE (2426H) had an average price of 8112 yuan/ton on May 6th and 8112 yuan/ton on May 12th, during which the quotation remained stable.
The polyethylene market in May was mainly weak, with strong quotes for low-pressure products. After the May Day holiday, upstream enterprises and intermediaries accumulated inventory and faced significant inventory pressure, prompting businesses to actively reduce prices and ship goods; The demand for greenhouse film is low during the off-season, and the order volume is not good. Some enterprises mainly focus on phased production; The peak season for plastic film demand has ended, and except for a few areas with a small number of orders, large-scale areas have been in a state of shutdown for maintenance; The number of new orders in the packaging film market has decreased, and the intention to purchase for terminal essential needs has weakened; The demand side support is insufficient, and there are positive expectations from the macro perspective. On May 9th, international crude oil futures rose, but the cost side support was average. It is expected that polyethylene will operate weakly in a narrow range, with limited downward space.

According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province rose this week (5.5-5.9), with an average market price of 16650 yuan/ton at the beginning of the week and 17275 yuan/ton over the weekend, an increase of 3.75%.
This week, the magnesium market was stirred up by developments related to the dolomite mine in Wutai County. Affected by the news from the mining area, downstream procurement demand has significantly released, with a significant increase in procurement volume. Factory inventory has quickly tightened, leading to a rapid rise in magnesium prices.
Supply and demand side
Some factories that were originally planned to gradually resume production after the holiday are currently adopting a wait-and-see attitude due to changes in the supply of dolomite; Enterprises that are still in production generally have lower inventory levels. Considering the possibility of further increase in raw material costs, these in production enterprises have a low willingness to ship and are more inclined to maintain price stability, resulting in a significant increase in their willingness to raise prices. There is currently no clear sign of a rebound in downstream demand.
Raw material end
Recently, the market price of coal used for producing blue charcoal has shown a downward trend, while the price of blue charcoal itself has remained relatively stable, and the price of ferrosilicon has also experienced a slight decline. However, due to the shortage of dolomite supply, companies have to seek alternative sources of goods from other regions. As a result, it is expected that the total production cost will increase significantly in the future.
comprehensive analysis
Once the shutdown period is extended, the smelting efficiency of the main magnesium production areas will be significantly suppressed, and the cost of raw material procurement will also increase significantly. In this situation, there is a possibility of further increase in magnesium prices.

According to the commodity analysis system of Shengyi Society, the market for hydrogen peroxide has slightly increased after the May Day holiday. On May 1st, the average market price of hydrogen peroxide was 693 yuan/ton. On May 7th, the average market price of hydrogen peroxide will be 700 yuan/ton, a decrease of 0.96% in price.
Demand increases, hydrogen peroxide market rebounds
After the May Day holiday, the demand for terminal printing and papermaking industries increased, and some hydrogen peroxide manufacturers continued to shut down for maintenance, resulting in a decrease in supply pressure. The price of hydrogen peroxide slightly increased, and the average price in the domestic market rose to around 700 yuan/ton, with a price increase of about 50 yuan/ton. The hydrogen peroxide market is heating up, with increased market transactions and mainly fluctuating upward trends.
Business Society’s hydrogen peroxide analyst believes that in mid May, the demand for terminal printing and papermaking industry will gradually increase, and the pressure on hydrogen peroxide supply will decrease. The market will continue to rise in the future.

According to the Commodity Market Analysis System of Shengyi Society, the coke market in Shanxi Province operated steadily on April 30th, with an average price of 1578.33 yuan/ton. Overall, the domestic coke market is currently operating in a narrow and weak range in April.
2、 Market analysis
In terms of price, the coke market in April showed a stalemate game feature. At the beginning of the month, enterprises raised prices, but were strongly resisted by steel mills and failed to land. Downstream steel mills’ profits contracted, demand was weak, and steel mills increased their pressure on raw material prices. The upstream cost support was insufficient, and downstream steel mills continued to be weak. On April 30th, the metallurgical coke prices in the Tianjin Port market were temporarily stable. The port’s quasi first grade coke prices are currently 1440 yuan/ton, and the first grade coke prices are 1540 yuan/ton, both of which are closing acceptance prices. On April 30th, the coke prices in the Binzhou market were temporarily stable. The local quasi first grade A13 dry quenching prices are 1570-1590 yuan/ton, and the second grade wet quenching prices are 1260 yuan/ton, both of which are factory prices including tax.
3、 Future forecast
Business Society’s coke analyst believes that the coke market is expected to experience weak fluctuations in the short term, and attention should be paid to the progress of steel mills’ profit recovery.