SunSirs: Rubber, BR Market Was Roughly Stable (January 1 to 30)
February 03 2020 09:57:33 SunSirs (Daisy)
In January, the BR market was basically stable. The price of cis-1,2-polybutadiene rubber was 11275 RMb/ ton at the beginning of January and 11350 RMB / ton at the end of the month, which was 0.67% higher than that at the beginning of the month as a whole, which was in a stable state.
First of all, the price of raw material butadiene fell slightly in January, which was negative for cis-1,4-polybutadiene rubber. The price of butadiene was 8312 RMB / ton at the beginning of January and 8056 RMB / ton at the end of the month, down 3.08% from the beginning of the month.
Secondly, affected by the Spring Festival holiday in January, the pre-Festival stock up formed a certain support for the price of cis-1,4-polybutadiene rubber. However, the early maintenance devices returned to normal one after another. The supply side was sufficient, which formed a certain negative for cis-1,4-polybutadiene rubber. At present, Qilu, Yanshan, Maoming, Daqing, Dushanzi and other devices are in normal operation.
Finally, in January, most of the downstream tire factories shut down for holidays. The purchase volume decreased, and the market turnover was light.
SunSirs analysts believe that the price of raw material butadiene fall, and the current international crude oil price is at a low level. Hence, it is difficult for raw materials to support cis-1,4-polybutadiene rubber.
On the other hand, with the notice of postponing the commencement of Construction issued by some provincial and municipal enterprises after the festival, the domestic rubber tire industry chain transaction will still be light.
It is expected that the price of cis-1,4-polybutadiene rubber will decline in a weak way in the later period.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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