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SunSirs: Market Analysis on Butadiene Rubber (March 4)

March 05 2020 16:47:44     SunSirs (Daisy)

Product Name: Butadiene rubber BR9000

The Latest Price (March 4): 9850 RMB/ton

Analysis Points: On Wednesday (March 4), the domestic butadiene rubber market is stable. Today the petrochemical ex-factory price of butadiene rubber is stable, and the ex-factory price of Qilu butadiene rubber is maintained at 9800 RMB/ton. Downstream tire enterprises are still not fully started, the demand is relatively weak. Traders will give priority to the inventory, and the overall market weak light.

Future Forecast: At present, the price of raw material butadiene is low, and the downstream demand is a little light, which is negative to butadiene rubber. It is expected that the price of butadiene rubber will be weak in the later period.

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