Product name: Butadiene Rubber BR9000

Latest price (jan 8) : 11275 yuan/ton

Analysis key points:

today (January 8) domestic butadiene rubber market price stability. According to SunSirs monitoring, today SBR petrochemical ex-factory price is stable; Qilu butadiene rubber factory price maintained at 11100 yuan/ton. China produced 665,000 tons of synthetic rubber in November, up 7.3% from a year earlier, the latest data from the national bureau of statistics showed on Dec. 17. The total output from January to November was 6.399 million tons, up 5.5% year on year. In November 2019, the output of rubber tires was 72.467 million, up 3.3 percent year on year. From January to November, the output of rubber tires was 767.609 million, up 2.2 percent year on year.

Future forecast:

At present, the price of raw material butadiene is low, and the output of downstream tires is slightly decreased compared with the previous year, which forms a certain support for butadiene rubber. It is expected that the price of butadiene rubber will consolidate in a narrow range in the later period.

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