SunSirs: Butadiene Rubber Market Continues to Be Weakened (Feb.17-21)
February 26 2020 09:19:06 SunSirs (Daisy)
Last week (Feb.17-21), the domestic BR market continued to be weakened, with the price at the beginning of the week at 10375 RMB/ton and at the end of the week at 9900 RMB/ton, down 4.58% overall, according to SunSirs.
Stable reduction of petrochemical ex-factory price
Last week (Feb.17-21) the ex-factory price of domestic butadiene rubber petrochemical factory was reduced. As of February 21, CPC northeast sales company Daqing Shunding was priced at 9600 RMB/ton.
As the price of raw materials decreases, the cost support strength weakens
The low price of butadiene weakens the support for butadiene rubber. The price of butadiene was 6,626 RMB/ ton at the beginning of the week, and 6,393 RMB / ton at the end of the week, down slightly by 3.52%, according to SunSirs.
Affected by the epidemic, the downstream tire, hose, products enterprises resume work has not been significantly recovered, the industry as a whole operating rate is not high. The demand aspect has bearish impact on butadiene rubber.
Market Forecasting
SunSirs analysts believe that at present, raw material prices low. On the other hand, downstream demand has not yet fully recovered. The overall market is expected to remain weak.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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