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SunSirs: China Butyl Rubber Market Remained Stable in February
March 01 2024 14:57:01SunSirs(Selena)

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of butyl rubber 1751 was 17,675 RMB/ton on February 28th. This month, the price curve of butyl rubber remained stable, with an increase of 100 RMB/ton from January, or 0.57%.

Cost side: Due to the increase in domestic MTBE prices in February, but the lack of downstream procurement enthusiasm after the upward push, the market situation slightly rebounded, resulting in slight fluctuations in isobutene prices in February. The price of isobutene fell by 100 RMB/ton this month. In terms of equipment, the 45,000 ton unit of Yanshan Petrochemical has been shut down, while other units are operating normally. Overall, the cost is relatively weak in terms of spot support.

Demand side: At the beginning of the Chinese New Year, the overseas tire market is gradually entering a good situation, with a continuous flow of overseas orders from steel tire enterprises. The industry prosperity is accelerating the resumption rate of the steel tire industry. As of today, the load rate of the entire steel tire industry has increased by about 2 layers, and the load rate of the semi steel industry has increased by about 1.4 layers.

According to analysts from SunSirs, the supply side of butyl rubber is expected to increase slightly in the later stage, with weak support from the cost side and expected support from the demand side. It is expected that the recent butyl rubber market will be strong and consolidation will be the main trend.


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