Recently (8.15-8.28), the market for butadiene rubber has rebounded. According to the commodity market analysis system of SunSirs, as of August 28, the market price of butadiene rubber in East China was 15,040 RMB/ton, an increase of 3.72% from 14,500 RMB/ton on August 15. The price of raw material butadiene has risen slightly at a high level; BR production has increased; Downstream tire production has slightly increased. The supply price of butadiene rubber has been gradually raised recently, and as of August 28th, the ex factory price of butadiene rubber for PetroChina Northeast Sales Company is 15,000 RMB/ton.

Recently (8.15-8.28), the price of butadiene continued to rise slightly, and the cost center of butadiene rubber slightly increased. According to the Commodity Market Analysis System of SunSirs, as of August 28th, the price of butadiene was 12,656 RMB/ton, an increase of 1.86% from 12,425 RMB/ton on August 15th.

On the demand side: With the support of domestic policies to promote automobile consumption, the downstream tire industry has maintained a stable and positive trend, and the production of all steel tires has rebounded compared to the previous period. The demand is facing the urgent support of the butadiene rubber market. As of August 23rd, the operating load of semi steel tires in domestic tire enterprises is around 79%; The operating load of all steel tires in tire enterprises in Shandong region is about 58%.

From a fundamental perspective, analysts from SunSirs believe that the price of raw material butadiene will slightly increase, and the cost center of butadiene rubber will slightly rise; BR production has slightly increased, with an expected increase in supply in the later stage; Recently, downstream tire companies have seen a slight rebound in production, which provides some support for BR. Overall, the BR market is mainly characterized by narrow fluctuations at high levels in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.