Recently (12.15-12.23), the market price of BR has slightly declined. According to the commodity market analysis system of SunSirs, as of December 23, the market price of BR in East China was 13,860 RMB/ton, a decrease of 0.43% from 13,920 RMB/ton on December 15. The price of raw material butadiene has slightly increased, and the cost of butadiene rubber is supported; Stable production of butadiene rubber; Downstream all steel tire production has slightly rebounded. The supply price of BR suppliers is stable, and the quotes from merchants have been slightly adjusted. As of December 23, the mainstream quotes for BR in Qilu, Daqing, Sichuan, and Yangtze in East China are 13,700-14,050 RMB/ton.

Recently (12.15-12.23), the price of butadiene has slightly increased, providing support for the cost of butadiene rubber. According to the Commodity Market Analysis System of SunSirs, as of December 23, the price of butadiene was 10,837 RMB/ton, an increase of 3.71% from 10,450 RMB/ton on December 15.

Demand side: Downstream tires mainly provide essential support for the butadiene rubber market. As of December 20th, the operating load of semi steel tires in domestic tire enterprises is around 79%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 62% of the load.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the price of raw material butadiene will continue to rise slightly, and the cost of butadiene rubber will be supported; Recently, downstream construction has steadily increased slightly, providing support for the demand for butadiene rubber; However, the production of butadiene rubber has remained close to 80%, putting pressure on the supply side. Overall, the butadiene rubber market is expected to fluctuate within a certain range in the short term.

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