After the previous price slump, BR market rose slightly last week (6.5-6.12). According to the commodity market analysis system of SunSirs, as of June 12, the price of BR in China was 10,470 RMB/ton, up 0.67% from 10,400 RMB/ton last Monday. The price of raw material butadiene was adjusted at a low level, and the cost of BR remained at a low level; During the cycle, the ex factory price of BR supplier BR was temporarily stable, and the offer of merchants declined accordingly. According to the monitoring of SunSirs, as of June 12, the ex factory price of BR of Sinopec North China Sales Company was 9,900 RMB/ton. As of June 12, the mainstream market of BR in East China such as Qilu, Yanshan, Yangzi, Dushanzi, Sichuan, Qixiang, Zhenhua, etc. reported 9,900-10,600 RMB/ton.

Last week (6.5-6.12), the price of raw butadiene continued to fall slightly, and the cost of BR remained low. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the price of butadiene was 6,317 RMB/ton, a decrease of 0.96% from last Monday's 6,378 RMB/ton.

Last week (6.5-6.12), the natural rubber market was weak and volatile, slightly supporting BR. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the price of natural rubber was 11,690 RMB/ton, which was unchanged from last Monday. The low point during the cycle was 11,650 RMB/ton, and the high point was 11,810 RMB/ton.

Recently, the tire operating rate has fluctuated slightly, and the demand for rubber support is limited. It is understood that as of early June 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region was 6.3%.

Analysts from SunSirs believe that the pressure on the supply side of BR increases due to the recent restart of some BR devices; The downstream commencement fluctuated slightly, and the support for BR rubber was limited. Although the price of natural rubber was slightly supported, the inventory pressure of natural rubber remained, and the short-term support for BR rubber was not optimistic. To sum up, China BR is expected to consolidate in the short term.

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