Recently (4.10-4.22), the market situation of Shunding rubber has continued to be weak. According to the commodity market analysis system of Shengyi Society, as of April 22, the market price of Shunding rubber in East China was 11710 yuan/ton, a decrease of 4.72% from 12290 yuan/ton on the 10th. The price of raw material butadiene continues to decline, and the cost support for butadiene rubber has significantly weakened; Shunding rubber production has slightly increased, leading to a slight increase in supply pressure; Downstream production is basically stable, but inquiries for butadiene rubber are light due to the impact of international trade trends. Merchants reported weak and declining prices, with mainstream prices in Qilu, Daqing, Sichuan, and Yangtze Shunding in East China ranging from 11650 to 12000 yuan/ton as of April 22; The price of some private Shunding is around 11400~11700 yuan/ton.
Recently (4.10-4.22), the price of butadiene has significantly decreased, and the cost support for butadiene rubber is relatively weak. According to the Commodity Market Analysis System of Shengyi Society, as of April 22, the price of butadiene was 8200 yuan/ton, a decrease of 13.66% from 9500 yuan/ton on the 10th.
Recently (4.10-4.22), the construction of domestic butadiene rubber plants has rebounded, with overall construction around 6.3%. There are still some plans to restart the maintenance equipment in the later stage, and the supply of butadiene rubber is expected to increase.
Demand side: Downstream tire production is generally stable, but the international trade situation has an impact, resulting in a strong wait-and-see atmosphere in the rubber market and light inquiries. As of April 17th, the operating load of semi steel tires in domestic tire enterprises was around 7.8%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 6.5% of the load.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the current price of butadiene has significantly decreased, and the cost support for butadiene rubber has weakened significantly; Affected by the international trade situation, downstream inquiries are cautious and market transactions are light in the short term. In addition, with the increase in production of butadiene rubber, it is expected that the butadiene rubber market will continue its weak downward trend in the later period.
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