According to the monitoring of the commodity market analysis system of SunSirs, the butyl rubber market fell last week. As of May 17, the mainstream price of domestic butyl rubber (1751) was 17,600 RMB/ton, down 260 RMB or 1.46% from last week, and 100 RMB/ton or 0.56% from 17,700 RMB/ton in April.

Cost: the isobutene market declined last week. As of May 17, the mainstream price of domestic isobutene (≥99, bulk water) was 12,200 RMB/ton, down 25 RMB from last week, or 0.2%. The international oil price fell in a narrow range as a whole, and the MTBE market price fell slightly. It is expected that the isobutene market will be weak in the near future.

Supply and demand: on May 16, the 50,000 T/a butyl rubber plant of Shandong Jingbo Zhongju was shut down for maintenance from May 16. The maintenance is planned to last about 30 days, and the supply is tightened. The pace of shipment in the downstream steel tire industry has slowed down significantly. On the whole, the speed of supply circulation is general, the terminal demand recovers slowly, and the demand for raw materials and purchasing enthusiasm are significantly reduced.

The butyl rubber market has declined recently. From the perspective of cost, the upstream isobutylene market is down and the cost side is negative. From the perspective of supply and demand side, the supply side of chambroad Zhongju device maintenance is relatively tight, but the downstream is weak, and the enthusiasm for raw material procurement is significantly reduced. Affected by the negative cost side and the sluggish demand, it is expected that the butyl rubber market will be weak in the near future.

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