The BR market declined slightly last week (12.16-12.23). According to the monitoring of SunSirs, as of December 23, the price of BR in China was 10,580 RMB/ton, down 0.28% from 10,610 RMB/ton last Friday. Recently, the ex factory price of BR has remained stable. According to the monitoring of SunSirs, as of December 23, the factory price of BR of Sinopec North China Sales Company had quoted 10,100 RMB/ton, and the offer of merchants had been slightly adjusted. As of December 23, the mainstream market of BR in Qilu, Yanshan, Yangzi, Dushanzi, Sichuan and other regions had reported 10,300-10,800 RMB/ton, and the mainstream market of private BR had reported 10,100-10,200 RMB/ton.
The price of raw butadiene rose last week (12.16-12.23), while the cost of BR rose slightly. According to the monitoring of SunSirs, as of December 23, the price of butadiene was 6,985 RMB/ton, up 3.40% from 6755 RMB/ton last Friday.
Last week (12.16-12.23), the natural rubber market declined slightly, and the support for BR weakened. According to the monitoring of SunSirs, as of December 23, the price of natural rubber was 12,160 RMB/ton, down 2.49% from 12,470 RMB/ton last Friday.
In the middle and late December, the construction of downstream tire enterprises declined, and the demand for BR became weaker. According to SunSirs, the construction of all steel tires in Shandong will be less than 60%.
According to the analysts of the business association, the supply pressure of BR is still at present, and the downstream commencement is declining, but the cost is slightly higher. It is expected that the market of BR will fluctuate and consolidate in the short term.
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