According to the monitoring of the commodity market analysis system of SunSirs, the market for butyl rubber has been running smoothly after the holiday. As of May 10th, the mainstream price of domestic butyl rubber (1751) was 17,860 RMB/ton, unchanged from the beginning of the month, and increased by 160 RMB/ton or 0.9% from April 17,700 RMB/ton.

During the May Day holiday, crude oil prices significantly decreased, but the rebound in crude oil after the holiday was not significant. Overall, the crude oil market declined in early May, and cost prices fell, bringing certain negative effects on the domestic gasoline and diesel refining market.

The domestic isobutene market is stable. As of May 9th, the mainstream price of isobutene (≥99, loose water) in China was 12,125 RMB/ton, unchanged from last week. The on-site inventory of isobutene is still good, and the supply of goods is relatively abundant in the short term. However, due to the combined influence of multiple factors, cost support shows a weakening trend. Presenting a dual bearish outlook, it is expected that the isobutene market will be dominated by weak consolidation in the short term.

Supply and demand side: The butyl rubber plant has been operating steadily without stopping, with stable domestic supply and slightly tight supply of some imported goods. Prices from some dealers on site have slightly increased. Downstream tire production is generally stable, with primary demand for procurement. Currently, the tire market has relatively sufficient inventory and average shipments. Tire companies are cautious in purchasing raw materials, with primary demand for procurement.

Recently, there has been no positive news to support the supply side of butyl rubber, which is showing a weakening trend. The inventory situation on the market is still good, and there is still a strong sentiment of price support. The focus is on price protection, and the mentality of holders is still acceptable. As the manufacturer's inventory is depleted, the prices quoted by the manufacturer to the outside world are gradually decreasing. Downstream users will continue to purchase on demand, and it is expected that the butyl rubber market will hold steady and consolidate in the near future.

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