Synthetic rubber is weak,it is difficult to turn strong inflection in July

Synthetic rubber has experienced a decline since mid to late February, the end of June early July rebound, but the rebound only to maintain a week or so. According to the business monitoring, butadiene rubber from the beginning of the 11183 yuan / ton up to the middle of the 11510 yuan / ton, or 2.93%; after the weak down to 11,274 yuan / ton; styrene butadiene rubber from the beginning of 11200 yuan / ton up to Mid-month 11828 yuan / ton, or 5.61%, after the weak decline to 11,657 yuan / ton. Overall the July synthetic rubber market showed signs of fatigue.

Lubon Industry Co.,Ltd synthetic rubber analyst Xu Xiaokong that the impact of synthetic rubber July trend of three factors: First, the synthetic rubber after a few months of sharp decline in manufacturers and traders have a rebound in the mentality of demand, so in July petrochemical manufacturers tentative Raise the price of synthetic rubber. According to the business monitoring, in early July in the oil, Sinopec raised butadiene rubber, styrene butadiene rubber price of 400 to 500 yuan / ton, some traders took the opportunity to sharply up with the rise. Second, the early downstream tire manufacturers to cover short positions demand to stimulate the price of synthetic rubber companies will increase prices, but because the market outlook is uncertain, tire manufacturers do not want a lot of procurement, trading more than a single small, the demand for the face of synthetic rubber prices support The intensity of the weak; Finally, a slight reduction in rubber stocks, but the base is still large, unfavorable synthetic rubber prices rose sharply. According to the business community to understand, as of July 10, Qingdao Bonded Zone rubber stocks to 27.08 million tons, compared with June 15 down 8,000 tons, down 2.9%. The combination of these factors makes the July synthetic rubber prices on the weak.

For the latter part of the trend, the synthesis of synthetic rubber analyst Xu Xiaokong that, on the one hand, the current petrochemical manufacturers in the early days of the tentative rise is not successful, in mid-July has been down, according to the news agency monitoring, July 14, Sinopec down the butadiene rubber, SBR ex-factory price of 400 yuan / ton, traders with the fall. On the other hand, 7-8 month is the downstream tire factory starts off-season, rubber demand will remain in the doldrums. On the whole, the current situation is not optimistic about the overall industry chain, July is difficult to appear weak to strong situation, synthetic rubber is expected in late July will continue to decline slightly, the range of 300 to 500 yuan / ton.