Since October, the butadiene rubber market has been weak and declining. According to the commodity market analysis system of Shengyi Society, as of October 31, the butadiene rubber market price in East China was 15580 yuan/ton, a decrease of 5.52% from 16490 yuan/ton at the beginning of October. The price of raw material butadiene has significantly decreased, and the cost center of butadiene rubber has dropped significantly; The overall production of butadiene rubber remains at a low level; Downstream tire production remains stable with slight fluctuations, providing strong support for the demand for butadiene rubber. Within the month, the supply price of butadiene rubber has gradually decreased, and as of October 31st, the mainstream price of butadiene rubber is between 15450 and 15650 yuan/ton.
Since October, the price of butadiene has significantly decreased, and the cost center of butadiene rubber has shifted downwards. According to the Commodity Market Analysis System of Shengyi Society, as of October 31st, the price of butadiene was 12325 yuan/ton, a decrease of 10.04% from 13700 yuan/ton at the beginning of October.
In October, the domestic butadiene rubber plant started operating at a low level, and as of the end of the month, the production rate was around 5.90%. The supply pressure of butadiene rubber is not high.
Demand side: Since October, downstream tire production has remained stable with slight fluctuations, and demand is supported by the rigid demand of the butadiene rubber market. As of October 25th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The operating load of all steel tires in tire enterprises in Shandong region is about 5.9%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene will significantly decrease, leading to a decrease in the cost of butadiene rubber; Shunding rubber production remains at a low level, with little pressure on the supply side; The current downstream tire production is stable with slight fluctuations, and overall, the market for Shunding rubber may experience weak fluctuations in the short term.
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