Recently (3.18-3.26), the market price of butadiene rubber has slightly increased. According to the commodity market analysis system of SunSirs, as of March 26, the market price of butadiene rubber in East China was 13,910 RMB/ton, an increase of 0.36% from 13,860 RMB/ton on March 18. The price of raw material butadiene remains stable, while the cost of butadiene rubber maintains weak support; 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 price of BR suppliers has slightly decreased, and merchant offers have been slightly adjusted. As of March 26th, the mainstream prices of BR in Qilu, Daqing, Sichuan, and Yangtze in East China are 13,800-14,000 RMB/ton.

Recently (3.18-3.26), the price of butadiene has remained stable, with weak support from the cost of butadiene rubber. According to the Commodity Market Analysis System of SunSirs, as of March 26th, the price of butadiene remained stable at 11,037 RMB/ton.

Recently (3.18-3.26), there has been a slight fluctuation in the construction of domestic butadiene rubber plants, with overall construction around 69%. Zhejiang Chuanhua's 150,000 tons/year Gaoshun BR plant is scheduled to undergo a 25 day shutdown and maintenance from March 26th. The expected supply of butadiene rubber has slightly decreased.

Demand side: Downstream tire production is basically stable, mainly supporting the rigid demand of the butadiene rubber market. As of March 21st, the operating load of semi steel tires in domestic tire enterprises is around 83%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 69% of the load.

Market forecast: 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. With some equipment maintenance plans in the later stage, the supply pressure of BR is expected to slightly decrease. Overall, it is expected that the BR market will consolidate in the later stage.

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