Polybutadiene market declined slightly

Recently (7.15-7.25), the market of Polybutadiene declined slightly. According to the commodity market analysis system of the business agency, as of July 25, the price of Polybutadiene in East China was 10770 yuan/ton, down 0.55% from 10830 yuan/ton in the middle of the month. The price of raw butadiene continues to rise, and the cost of Polybutadiene is supported; In the near future, the supply price of Polybutadiene has remained stable, and the offer of merchants has risen in the early stage and then dropped slightly. According to the monitoring of the business community, as of July 25, the ex factory price of Polybutadiene of Sinopec North China Sales Company had reported 10700 yuan/ton.

During the cycle (7.15-7.25), the supply pressure of Polybutadiene increased slightly compared with the previous period.

Recently (7.15-7.25), the low price of raw butadiene continued to rebound, and the cost focus of Polybutadiene rebounded. According to the Commodity Market Analysis System of the Business Society, as of July 25th, the price of butadiene was 7143 yuan/ton, an increase of 5.35% from 6781 yuan/ton in the middle of the month.

Recently (7.15-7.25), the natural rubber market declined slightly, and support for Polybutadiene weakened. According to the Commodity Market Analysis System of the Business Society, as of July 25th, the price of natural rubber was 11870 yuan/ton, a decrease of 2.30% compared to 12150 yuan/ton in the middle of the month.

In the recent period (7.15-7.25), the tire operating rate has fluctuated slightly, with half steel tire operating slightly higher than the previous period, and all steel tire operating slightly lower than the previous period. The demand for rubber rigid needs is supported steadily. It is understood that as of mid July 2023, the operating load of rubber tire enterprises in Shandong Province is 6.3% for all steel tires and around 7.3% for half steel tires.

Future market forecast: analysts from the business community believe that the cost of Polybutadiene is supported by the soaring raw material prices. The pressure of Polybutadiene supply surface increases slightly when multiple devices are restarted; The downstream commencement fluctuates slightly, which is stable for Polybutadiene support; To sum up, it is expected that Polybutadiene will consolidate after rising in the short term. In the medium and long term, if the cost and demand continue to support, Polybutadiene may have the opportunity to continue to rise.