From August 9 to 16, China BR market declined weakly. According to the monitoring of SunSirs, as of August 16, the domestic price of BR was 12,570 RMB/ ton, down 2.78% from last Tuesday's 12,930 RMB/ ton. The downstream demand is sluggish, the cost side has fallen sharply, and the market is weak; this week, the petrochemical sales company lowered the ex-factory price of BR by 400 RMB/ ton, and as of the 16th, the Sinopec North China Sales Company Qilu BR The ex-factory price of 12,200 RMB/ ton was implemented. Buying gas in the market is sluggish, business offers are adjusted downward as a whole, and private enterprises have great discounts on BR. The output of BR is expected to increase in August, and the supply side is expected to continue to be loose.

Since August, the butadiene market has fallen sharply, and the cost of BR has weakened sharply. According to the monitoring of the business agency, as of August 16, the price of butadiene was 7,792 RMB/ ton, down 16.71% from the 9,356 RMB/ ton at the beginning of the month.

The natural rubber market fluctuated slightly downward, and the support for BR was not strong. According to the monitoring of the business agency, as of August 16, the price of natural rubber was 12,060 RMB/ ton, down 1.47% from 12,240 RMB/ ton at the beginning of the month.

Downstream tires started at a low level, with half-steel tires at around 6.5% and all-steel tires at around 5.5%. The demand for rubber was weak, and market transactions were slightly stalemate.

Market forecast: SunSirs analysts believe that the raw material butadiene has fallen sharply and the price of natural rubber is hovering at a low level; Qixiang's new production and the expected restart of Maoming Petrochemical will increase the pressure on the supply side. It is expected that the price of BR will continue to decline weakly in China in the later period.

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