The butadiene rubber market rose slightly last week (12.9-12.16). According to the monitoring of SunSirs, as of December 16, the price of BR in China was 10,610 RMB/ton, up 0.76% from 10,530 RMB/ton last Friday. At the beginning of this month, after the factory price of cis BR dropped significantly, it has remained stable in the near future. According to the monitoring of SunSirs, as of December 16, the ex factory price of butadiene rubber of Sinopec North China Sales Company had reported 10,100 RMB/ton, and the offer of merchants had rebounded slightly after a sharp fall. As of December 16, the mainstream market of butadiene rubber in Qilu, Yanshan, Yangzi, Dushanzi, Sichuan and other regions had reported 10,400-11,100 RMB/ton, and the mainstream market of private butadiene rubber had reported 10,100-10,300 RMB/ton.

The price of raw butadiene rose last week (12.9-12.16), while the cost of cis BR rose slightly. According to the monitoring of SunSirs, as of December 16, the price of butadiene was 6,755 RMB/ton, up 2.87% from 6,566 RMB/ton of the week before.

The natural rubber market rose slightly last week (12.9-12.16), supporting cis BR. According to the monitoring of SunSirs, as of December 16, the price of natural rubber was 12,470 RMB/ton, up 0.40% from 12,420 RMB/ton of the week before.

The demand side increased slightly, and the downstream tire enterprises continued to increase last week. According to the business agency, the construction of semi steel tires in Shandong is around 6.60%, and that of full steel tires is around 0.60%.

Future market forecast: according to the analysts of the business association, the supply pressure of BR is still present, the demand has improved, and the cost has risen slightly. It is expected that China BR market will rise slightly in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.