Recently (11.19-11.27), the market price of Shunding rubber has significantly declined. According to the commodity market analysis system of Shengyi Society, as of November 27th, the market price of Shunding rubber in East China was 13360 yuan/ton, a decrease of 8.99% from 14680 yuan/ton on November 19th. The price of raw material butadiene has dropped significantly, and the center of gravity of butadiene rubber has shifted downwards; Shunding rubber production slightly increased; Downstream all steel tire production has slightly decreased. The supply price of Shunding rubber suppliers has been lowered, and merchant offers have been adjusted. As of November 27th, the mainstream price in East China is 13250-13600 yuan/ton.
Recently, the price of butadiene has continued to decline, and the cost support for butadiene rubber has weakened. According to the Commodity Market Analysis System of Shengyi Society, as of November 27th, the price of butadiene was 9675 yuan/ton, a decrease of 4.09% from 10087 yuan/ton on November 19th.
Recently (11.19-11.27), the domestic butadiene rubber plant started production at 6.40%, with stable to moderate fluctuations.
Demand side: Downstream tires mainly provide essential support for the butadiene rubber market. As of November 22, 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 5.3%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene will continue to fall, and the cost center of butadiene rubber will shift downwards; Recently, downstream production has remained relatively stable, but there is resistance to high priced sources of goods. Overall, the Shunding rubber market may experience weak adjustments in the short term.
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