Recently (1.1-1.17), the market price of BR has risen significantly. According to the commodity market analysis system of SunSirs, as of January 17, the market price of BR in East China was 14,880 RMB/ton, an increase of 8.45% from 13,720 RMB/ton on January 1. The price of raw material butadiene has significantly increased, and the cost center of BR has shifted significantly upward; The production of BR has slightly decreased to around 72%, and the pressure on the supply side has decreased; Downstream tire production is steadily consolidating, and pre holiday stocking is essential to support the demand for BR. Recently, the supply prices of Shunding rubber suppliers have increased, and the quotes from merchants have also risen. As of January 17th, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangzi in East China are 14,700-15,050 RMB/ton.

Recently (1.1-1.17), the price of butadiene has risen significantly, and the cost center of BR has shifted significantly upward. According to the Commodity Market Analysis System of SunSirs, as of January 17th, the price of butadiene was 10,800 RMB/ton, an increase of 15.39% compared to 10,800 RMB/ton on January 1st.

Recently (1.1-1.17), the construction of domestic BR plants has slightly decreased, with overall construction around 72%.

Demand side: Downstream tires mainly provide essential support for the BR market. As of January 16th, the operating load of semi steel tires in domestic tire enterprises was around 78%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 60% of the load.

From a fundamental perspective, analysts from SunSirs believe that the price of raw material butadiene will significantly increase, and the cost of BR will have strong support; In recent times, downstream production has remained stable with slight consolidation, providing support for the demand for BR. However, as the Spring Festival approaches, market transactions are gradually weakening; The production of BR has slightly decreased to around 72%, indicating a slight reduction in supply pressure. Overall, the BR market is mainly fluctuating at high levels before the holiday.

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