The market price of butadiene rubber in August slightly increased. According to the commodity market analysis system of Shengyi Society, as of August 28th, the market price of butadiene rubber in East China was 12200 yuan/ton, an increase of 2.01% from 11960 yuan/ton at the beginning of the month. The price of raw material butadiene fluctuates and rises, causing the cost center of butadiene rubber to shift upwards; The production of butadiene rubber has fluctuated slightly, and there is not much pressure on the supply side; Downstream tire production has slightly increased, mainly supporting the demand for butadiene rubber. As of August 28th, the mainstream reports for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China are 11900~12400 yuan/ton.
The price of butadiene fluctuated slightly higher in August, and the cost support of butadiene rubber strengthened. According to the Commodity Market Analysis System of Shengyi Society, as of August 28th, the price of butadiene was 9283 yuan/ton, an increase of 2.58% from 9050 yuan/ton at the beginning of the month.
In August, there was a slight fluctuation in the domestic butadiene rubber plant. As of the end of August, the domestic butadiene rubber production started at around 6.90%, and the supply pressure was not significant.
Demand side: Downstream tire production slightly increased in August, providing strong support for the demand in the butadiene rubber market. As of August 22, the construction of semi steel tires by domestic tire companies has slightly increased to around 7.40%; 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 raw material prices have slightly increased, downstream tire production has slightly increased, and coupled with the arrival of the peak season, it is expected that butadiene rubber will continue to fluctuate and rise in the later period.
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