The BR market rose slightly last week (9.16-9.23). According to the monitoring of SunSirs, as of September 23, the price of BR in China was 13,040 RMB/ ton, up 0.46% from 12,980 RMB/ ton on the previous Friday. Last week, the ex factory price of two barrels of oil of BR was basically stable. Only PetroChina Northeast Sales Company's BR slightly increased by 100 RMB/ ton. According to the monitoring of the business community, as of September 23, the ex factory price of BR of PetroChina Northeast Sales Company had reported 12700 RMB/ ton The offer from merchants was firm. As of September 23, the offer from the BR market was 12,800-13,400 RMB/ ton, and that from private butadiene mainstream was 12,500-12,700 RMB/ ton.
The butadiene market fell slightly last week (9.14-9.21), but the price has still risen since September, which continues to support the cost of BR. According to the monitoring of the business community, as of September 23, the price of butadiene was 8,937 RMB/ ton, down 1.74% from 9,096 RMB/ ton on the previous Friday, and up 3.18% from 8,662 RMB/ ton at the beginning of the month.
The natural rubber market rose slightly last week, but the price was lower than that of BR, which was insufficient to support BR. According to the monitoring of SunSirs, as of September 23, the price of natural rubber was 12,152 RMB/ ton, up 0.43% from 12,100 RMB/ ton on the previous Friday.
Since September, the commencement of downstream tire enterprises has not seen a significant increase, and the demand for BR has been supported to some extent, but the strength is not great. In addition, the domestic tire output from January to August declined year on year, and the overall demand was weaker than last year. According to the latest data released by the National Bureau of Statistics, in August 2022, China's output of rubber tire casings was 72.265 million, down 2.2% year on year. From January to August, the output of rubber tire casing decreased by 5.6% to 56,422.1 million pieces compared with the same period last year.
According to SunSirs analysts, at present, the supply pressure of BR production chain is easing, the demand side just needs weak support, and the cost side is rising. It is expected that the price of BR will be strong in China in the short term, and the changes in the supply and demand side still need to be concerned in the medium and long term.
If you have any questions, please feel free to contact SunSirs with firstname.lastname@example.org.