Recently (3.3-3.12), the market price of Shunding rubber has been weak and declining. According to the commodity market analysis system of Shengyi Society, as of March 12, the market price of Shunding rubber in East China was 13830 yuan/ton, a decrease of 1.85% from 14090 yuan/ton on March 3. The price of raw material butadiene continues to decline slightly, and the cost center of butadiene rubber decreases slightly; The production of butadiene rubber continues to increase, and the pressure on the supply side has increased; The downstream construction is gradually increasing, mainly providing support for the rigid demand of butadiene rubber. Recently, the supply prices of Shunding rubber suppliers have been gradually lowered, and the quotes from merchants have been weak and declining. As of March 12th, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangtze in East China are 13800-14050 yuan/ton.
Recently (3.3-3.12), the price of butadiene has slightly decreased, and the cost support for butadiene rubber has weakened. According to the Commodity Market Analysis System of Shengyi Society, as of March 12th, the price of butadiene was 11200 yuan/ton, a decrease of 2.29% from 11462 yuan/ton on March 3rd.
Recently (3.3-3.12), the construction of domestic butadiene rubber plants has slightly increased, with overall construction around 6.90%.
Demand side: The slight increase in downstream tire production is the main support for the demand in the butadiene rubber market. As of March 7th, the operating load of semi steel tires in domestic tire enterprises was around 8.2%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 6.9% of the load.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that in the short term, the price of butadiene will consolidate weakly, and the cost support of butadiene rubber will continue to be weak; The increase in downstream construction provides certain support for butadiene rubber; The production of butadiene rubber has slightly increased, which has a slightly bearish impact on the butadiene rubber market. Overall, it is expected that the butadiene rubber market will consolidate weakly in the later stage.
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