SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > BR News > News Detail
BR News
SunSirs: The Pressure on Supply Side Increased, China BR Market Price Fell sharply in August
September 05 2022 11:10:43SunSirs(Selena)

In August, the market of BR was weak and fell. According to the data monitoring of SunSirs, as of August 31, the price of BR was 12,580 RMB/ ton, down 9.10% from 13,840 RMB/ ton at the beginning of the month. The price of raw butadiene declined as a whole, and the support from the cost side weakened; The downstream tire operating rate is low and the demand side is weak; New production capacity and restart of production capacity increased the pressure on the supply side. However, the price of raw butadiene rebounded slightly at the end of the month, and the bullish atmosphere in the market increased.

In August, the price of butadiene fell, and the support of cost for BR weakened. According to the monitoring of SunSirs, as of August 31, the price of butadiene was 8,331 RMB/ ton, down 10.96% from 9,356 RMB/ ton at the beginning of the month, and the lowest point in the month was 7,792 RMB/ ton.

In August, the natural rubber market fell slightly, and the impact on BR was short. As of August 31, the price was 11,990 RMB/ ton, down 2.04% from 12,240 RMB/ ton at the beginning of the month. In August, the peak season of domestic and foreign rubber production, the pressure on the supply side of natural rubber increased, the price of Thai glue continued to decline, and the output of domestic areas was normal. Although it experienced part of the impact of Hainan public health events and heavy rain, the production of rubber continued to increase.

In August, the start-up of domestic tire enterprises remained at a low level with a narrow range. The start-up of all steel tires was around 6.5%, and the start-up of half steel tires was between 5% and 60%. In addition, the rubber products industry was slow to ship due to the off-season. The overall start-up did not significantly improve, and the demand for SBR was weak.

SunSirs analysts believe that on the one hand, the commissioning of the new CIS butadiene plant in the second half of the year will bring further pressure on the supply side. In addition, the demand side is slightly weak, and the price of raw butadiene rebounds slightly. In addition, the peak seasion is coming. It is expected that China BR price will rise in the later period, and the increase will be restricted by the supply side.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products