Recently (3.12-3.18), the market price of butadiene rubber has slightly increased. According to the commodity market analysis system of SunSirs, as of March 18, the market price of butadiene rubber in East China was 13,860 RMB/ton, an increase of 0.22% from 13,830 RMB/ton on March 12. The price of raw material butadiene has slightly increased, while the cost of butadiene rubber remains weakly supported; The production of butadiene rubber has fluctuated slightly, and the pressure on the supply side still exists; The downstream production is basically stable, mainly providing support for the rigid demand of butadiene rubber. Recently, the supply prices of BR suppliers have slightly rebounded, and merchant offers have slightly followed suit. As of March 18th, the mainstream prices of BR in Qilu, Daqing, Sichuan, and Yangtze in East China were 13,800-13,950 RMB/ton.

Recently (3.12-3.18), the price of butadiene has slightly increased, with weak support from the cost of butadiene rubber. According to the Commodity Market Analysis System of SunSirs, as of March 18th, the price of butadiene was 11,037 RMB/ton, an increase of 0.11% from 11,025 RMB/ton on March 12th.

Recently (3.12-3.18), there has been a slight fluctuation in the construction of domestic butadiene rubber plants, with overall construction around 70%.

Demand side: Downstream tire production is basically stable, mainly supporting the rigid demand of the butadiene rubber market. As of March 14th, the operating load of semi steel tires in domestic tire enterprises was around 83%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 69% of the load.

From a fundamental perspective, analysts from SunSirs believe that in the short term, the price of butadiene will consolidate narrowly, and the cost support of butadiene rubber will continue to be weak; The temporary stability of downstream construction provides some support for BR, and overall, it is expected that the BR market will remain stable with a narrow range of consolidation in the later stage.

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