Recently (6.18-6.25), the butadiene rubber market has been weak and declining. According to the Commodity Market Analysis System of Shengyi Society, as of June 25th, the butadiene rubber market price in East China was 11800 yuan/ton, a decrease of 1.99% from 12040 yuan/ton on June 18th. The price of raw material butadiene has slightly decreased, but the cost of butadiene rubber still has support; The production of butadiene rubber is basically stable; Downstream semi steel tire production has slightly decreased, providing support for the demand for butadiene rubber. As of June 25th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11700~12000 yuan/ton.
Recently (6.18-6.25), the price of butadiene has been weak and slightly lower, and the cost of butadiene rubber continues to be supported. According to the Commodity Market Analysis System of Shengyi Society, as of June 25th, the price of butadiene was 9133 yuan/ton, a decrease of 1.79% from 9300 yuan/ton on June 18th.
Recently (6.18-6.25), the overall stability of the Shunding plant in China has been around 6.60%.
Demand side: Recently (6.18-6.25), there has been a slight fluctuation in downstream tire production, which provides strong support for the demand in the butadiene rubber market. As of June 22, the production of semi steel tires by domestic tire companies has slightly decreased to around 7.3%; Around 6.10% of tire companies in Shandong have started construction on all steel tires.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the raw material butadiene market will consolidate weakly, and the cost of butadiene rubber will still be supported; The production of downstream semi steel tires has slightly decreased, and the supply and demand are running weakly. Overall, it is expected that the market for butadiene rubber will mainly fluctuate and consolidate in the later period.
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