Recently (7.9-7.22), the butadiene rubber market has fluctuated and risen. According to the commodity market analysis system of Shengyi Society, as of July 22, the butadiene rubber market price in East China was 12070 yuan/ton, an increase of 3.25% from 11690 yuan/ton on July 9. The price of raw material butadiene has significantly increased, and the cost of butadiene rubber has strong support; Shunding rubber production slightly increased; Downstream tire production has slightly increased, providing support for the demand for butadiene rubber. As of July 22, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11800 to 12200 yuan/ton.
Recently (7.9-7.22), the price of butadiene has significantly increased, providing strong support for the cost of butadiene rubber. According to the Commodity Market Analysis System of Shengyi Society, as of July 22, the price of butadiene was 9400 yuan/ton, an increase of 4.83% from 8966 yuan/ton on July 9.
Recently (7.9-7.22), the domestic Shunding plant has seen a slight increase in production, reaching around 6.80%. During this period, the Shunding rubber plants of Jinzhou Petrochemical, Heze Kexin, and Yanshan Petrochemical have restarted.
Demand side: Recently (7.9-7.22), downstream tire production has slightly increased, providing essential support for the butadiene rubber market. As of July 18th, the construction of semi steel tires by domestic tire companies has slightly increased to around 7.5%; The construction of all steel tires by tire companies in Shandong Province has slightly increased to around 6.5%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the raw material butadiene market will rise, and the cost of butadiene rubber will receive strong support; Downstream tire production has slightly increased, with strong demand for support. Overall, it is expected that the Shunding rubber market will continue to fluctuate and rise in the later period.
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