Recently (5.12~5.20), the butadiene rubber market has seen a significant upward trend. According to the Commodity Market Analysis System of Shengyi Society, as of May 20th, the butadiene rubber market price in East China was 12670 yuan/ton, an increase of 5.41% from 12020 yuan/ton on May 12th. The price of raw material butadiene has significantly increased, and the cost center of butadiene rubber has shifted upwards; Shunding rubber production has increased, but supply pressure still exists; Downstream tire production has increased, providing essential support for butadiene rubber. As of May 20th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 12550-13000 yuan/ton.
Recently (5.12~5.20), the price of butadiene has significantly increased, and the cost center of butadiene rubber has shifted upwards. According to the Commodity Market Analysis System of Shengyi Society, as of May 20th, the price of butadiene was 11233 yuan/ton, an increase of 20.36% from 9333 yuan/ton on May 12th.
Recently (5.12~5.20), the construction of domestic butadiene rubber plants has slightly increased, with the overall construction rate rising to around 7.9%. The supply of butadiene rubber still exists.
Demand side: The recent increase in downstream tire production (5.12~5.20) continues to support the butadiene rubber market. As of May 16th, the operating load of semi steel tires in domestic tire enterprises was around 7.8%; The operating load of all steel tires in tire enterprises in Shandong region is about 6.5%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of butadiene will remain high in the short term, and the cost support of butadiene rubber will be strong; The increase in downstream construction has a greater impact on the market of butadiene rubber. Overall, it is expected that the butadiene rubber market will fluctuate and consolidate in the later stage.
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