Recently (12.23-12.31), the market price of BR has slightly declined. According to the commodity market analysis system of SunSirs, as of December 31, the market price of BR in East China was 13,720 RMB/ton, a decrease of 1.01% from 13,860 RMB/ton on December 23. The price of raw material butadiene has been adjusted narrowly, and the cost of BR still has support; The production of BR remains at a high level of nearly 80%, and the pressure on the supply side has increased; Downstream tire production is steadily consolidating. Recently, the supply prices of BR suppliers have been lowered, and the quotes from merchants have been slightly adjusted. As of December 31, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangtze regions in East China were 13,650-13,850 RMB/ton.

Recently (12.23-12.31), the price of butadiene has slightly adjusted, and the cost of BR is supported. According to the Commodity Market Analysis System of SunSirs, as of December 31, the price of butadiene was 10,800 RMB/ton, a decrease of 0.35% from 10,837 RMB/ton on December 23, with a peak of 10,862 RMB/ton during the cycle.

Recently (12.23-12.31), there has been a slight fluctuation in the construction of domestic BR plants, with overall construction around 77%.

Demand side: Downstream tires mainly provide essential support for the BR market. As of December 27th, 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.

From a fundamental perspective, analysts from SunSirs believe that the price of raw material butadiene will slightly adjust, and the cost of BR will be supported; Recently, downstream construction has stabilized with a slight adjustment, providing support for the rigid demand of BR; However, the production of BR has remained close to 80%, putting pressure on the supply side. Overall, the BR market is expected to fluctuate within a certain range in the short term.

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