Recently (July 1st to July 8th), the market price of butadiene rubber in East China has narrowed down. According to the Commodity Market Analysis System of Business Society, as of July 8th, the market price of butadiene rubber in East China was 15280 yuan/ton, a decrease of 0.20% from 15310 yuan/ton on July 1st. Narrow range consolidation of high prices for raw material butadiene; The production of butadiene rubber continues to remain low; Downstream tire production has been generally stable in recent days, but overall inquiries are cautious and slightly resistant to high priced sources. The futures of butadiene rubber have consolidated at a high level, and market trading is flat.
Recently (July 1st to July 8th), the price of butadiene has stabilized at a high level, and the cost support for butadiene rubber remains strong. According to the Commodity Market Analysis System of Shengyishe, as of July 8th, the price of butadiene was 13725 yuan/ton, an increase of 0.18% from 13700 yuan/ton on July 1st.
Recently (July 1st to July 8th), the production of domestic butadiene rubber plants remained at a low level, and as of July 7th, the production of domestic butadiene rubber was around 60%.
Demand side: Downstream tire production is temporarily stable, with demand facing strong support from the butadiene rubber market. Downstream inquiries are resistant to high priced sources, and the price of butadiene rubber is consolidating at a high level. As of July 7th, the operating load of semi steel tires for domestic tire enterprises is around 790%; The operating load of all steel tires for tire enterprises in Shandong region is about 6.2%.
Market forecast: From a fundamental perspective, analysts from Business Society believe that the price of raw material butadiene is still at a high level, and the cost support for butadiene rubber is strong; The production of butadiene rubber remains low, and the market supply is tight; Recently, downstream tire companies have temporarily stabilized their production, but there is still a fear of high prices for butadiene rubber. Overall, the butadiene rubber market has remained strong in the near future under the support of cost and low production. We still need to pay attention to the downstream stocking situation in the future.
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