Recently (April 1-4.12), the market situation of butadiene rubber has slightly improved. According to the commodity market analysis system of Shengyishe, as of April 12th, the price of butadiene rubber in the East China region was 13660 yuan/ton, an increase of 0.37% from 13610 yuan/ton on April 1st. The price of raw material butadiene has slightly increased, and the cost of butadiene rubber continues to support; The supply of butadiene rubber has slightly declined; Downstream tire production has remained stable, with on-demand procurement of butadiene rubber. The price of butadiene rubber has mainly narrowed after a significant increase in the early stage.
Recently (4.1-4.12), the price of butadiene has slightly increased, and the cost support for butadiene rubber is strong. According to the Commodity Market Analysis System of Shengyishe, as of April 12th, the price of butadiene was 11700 yuan/ton, an increase of 1.52% from 11525 yuan/ton on April 1st.
Recently (4.1-4.12), the production of butadiene rubber has slightly rebounded.
Demand side: In the near future (4.1~4.12), downstream tire production is mainly stable, maintaining rigid support for butadiene rubber. It is understood that as of early April, the operating load of semi steel tires in domestic tire enterprises was around 80%; The operating load of all steel tires in tire enterprises in Shandong region is close to 680%; But there is resistance from downstream towards high priced Shunding and a small amount of stocking.
Future Market Forecast:
From a technical perspective, analysts from Business Society believe that the graph of Business Society’s butadiene rubber index shows that after the 7-day moving average crossed the 30 day moving average in early February, it was overall above the 30 day moving average, and during this period, the price of butadiene rubber increased significantly; At present, the 7-day moving average is gradually approaching the 30 day moving average, and there may be a downward trend of breaking through levels in the later stage.
From a fundamental perspective, analysts from Business Society believe that the price of raw material butadiene is still at a high level, and the cost support for butadiene rubber is strong; Some early stage equipment has recently restarted, and there are also some equipment plans for maintenance in the later stage. The expected start of production of butadiene rubber is expected to remain low; The cost and start of production will continue to support the market for butadiene rubber. However, although downstream tire companies are still operating at a relatively high level, their resistance to the high priced supply of butadiene rubber has resulted in less than expected procurement efforts, putting pressure on the butadiene rubber market. Overall, the current butadiene rubber market may consolidate in the later stage.
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