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SunSirs: China's Butadiene Rubber Market Rose Slightly Last Week (Jun. 8-12)

June 17 2020 09:13:52     SunSirs (Linda)

According to SunSirs data monitoring, the Chinese butadiene rubber market rose slightly last week (6.8-6.12), with the price at the beginning of the week at 7,520 yuan/ton and the weekend price at 7,620 yuan/ton, an overall increase of 1.33%.

The ex-factory price of China's BR petrochemical manufacturers was raised by 100 yuan/ton. As of June 12, CNPC Northeast China Sales Company's Daqing Shunding export pricing was implemented at 7,500 yuan/ton. Traders' offers increased. Maoming Petrochemical and Yanshan Petrochemical restarted their butadiene installations, the pressure on the supply side increased, and this week the inventory of cis-butane increased slightly compared with last week. The overall supply was negative for cis-butadiene rubber. Unfavorable butadiene rubber rose sharply.

The price of raw materials fell slightly, and the cost faced the support of butadiene rubber. According to the monitoring of the business community, the price of butadiene was 3,801 yuan/ton at the beginning of this week and 3,767 yuan/ton at the weekend, an overall decrease of 0.89%.

The operating rate of downstream tire factories decreased slightly, and BR was purchased on demand. At present, all steel tires started around 60% to 70%, and semi-steel tires started around 50% to 60%. The overall demand was mainly weak and stable.

SunSirs analysts believe that at present, on the one hand, raw material prices are low, and on the other hand, there is no obvious boost in downstream demand. It is expected that in the short term, BR will be mainly weakly consolidated.

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