The market price of butadiene rubber in the first half of December slightly increased. According to the commodity market analysis system of Shengyi Society, as of December 15th, the market price of butadiene rubber in East China was 13920 yuan/ton, an increase of 4.04% from 13380 yuan/ton on December 1st. The price of raw material butadiene has risen significantly, and the center of gravity of butadiene rubber has shifted upward; Shunding rubber production is gradually increasing; Downstream all steel tire construction has started with minor adjustments. The supply price of Shunding rubber suppliers has been raised, and the quotes from merchants have been adjusted. As of December 15th, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangtze in East China are 13850-14100 yuan/ton.
In the first half of December, the price of butadiene continued to rise, and the cost of butadiene rubber was significantly supported. According to the Commodity Market Analysis System of Shengyi Society, as of December 15th, the price of butadiene was 10450 yuan/ton, an increase of 7.46% from 9725 yuan/ton on December 1st.
Recently (12.0-12.15), the construction rate of domestic butadiene rubber plants has gradually increased to 7.8%.
Demand side: Downstream tires mainly provide essential support for the butadiene rubber market. As of December 13th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 5.7% of the load.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene will rise again, and the cost support for butadiene rubber will strengthen; Recently, downstream construction has remained stable, providing strong support for the demand for butadiene rubber; However, the production of Shunding rubber has risen, and the pressure on the supply side has increased. Overall, the Shunding rubber market is mainly fluctuating in the short term.
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