SunSirs: China BR Market slightly Increased in the First Half of December

The market price of BR in the first half of December slightly increased. According to the commodity market analysis system of SunSirs, as of December 15th, the market price of BR in East China was 13,920 RMB/ton, an increase of 4.04% from 13,380 RMB/ton on December 1st. The price of raw material butadiene has risen significantly, and the center of gravity of BR has shifted upward; BR production is gradually increasing; Downstream all steel tire construction has started with minor adjustments. The supply price of BR suppliers has been raised, and the quotes from merchants have been adjusted. As of December 15th, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangtze in East China are 13,850-14,100 RMB/ton.

In the first half of December, the price of butadiene continued to rise, and the cost of BR was significantly supported. According to the Commodity Market Analysis System of SunSirs, as of December 15th, the price of butadiene was 10,450 RMB/ton, an increase of 7.46% from 9,725 RMB/ton on December 1st.

Demand side: Downstream tires mainly provide essential support for the BR market. As of December 13th, 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 57% of the load.

From a fundamental perspective, analysts from SunSirs believe that the price of raw material butadiene will rise again, and the cost support for BR will strengthen; Recently, downstream construction has remained stable, providing strong support for the demand for BR; However, the production of BR has risen, and the pressure on the supply side has increased. Overall, the BR market is mainly fluctuating in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.