SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > BR News > News Detail
BR News
SunSirs: China BR Market Rose and Fell in March
April 03 2024 14:42:20SunSirs(Selena)

In March, the market for BR first rose and then fell, with an overall increase. According to the Commodity Market Analysis System of SunSirs, as of March 31, the market price of BR in East China was 13,610 RMB/ton, an increase of 2.87% from the beginning of the month at 13,230 RMB/ton, and a decrease of 2.44% from the high point of 13,950 RMB/ton in the cycle.

In March, the market price of butadiene remained high, while the cost center of BR remained high; Downstream tire production is at a high level, but there is resistance to high priced sources of goods. The demand for BR is supported by the initial rigid demand, but weak in the later stage; Multiple devices have been shut down for maintenance one after another. In March, the overall production of BR decreased, and the supply of BR tightened compared to the previous period; Driven by comprehensive factors, the factory prices of enterprises first increased and then decreased, and the market situation of BR first rose and then fell. As of March 31st, the mainstream price of BR market in East China is 13,450-13,700 RMB/ton.

In March, the production of BR in China gradually decreased from 6.4% at the beginning of the month to around 5.4% at the end of the month, significantly lower than February, due to the shutdown and maintenance of units such as Jinzhou Petrochemical and Zhejiang Chuanhua, as well as the operation of some units under reduced load.

In March, the price of butadiene remained high, and there is still strong support for the cost of BR. According to the Commodity Market Analysis System of SunSirs, as of March 31st, the price of butadiene was 11,525 RMB/ton, an increase of 3.88% from 11,095 RMB/ton at the beginning of the month.

Demand side: Downstream tire production is temporarily stable, providing certain support for BR. It is understood that as of late March, the operating load of semi steel tires in domestic tire enterprises was around 79%; The operating load of all steel tires in tire enterprises in Shandong region is close to 70%; But in the middle of the month, the price of butadiene styrene rubber increased significantly, and downstream consumers resisted the high price, resulting in a slowdown in procurement efforts.

SunSirs analysts believe that the price of raw material butadiene is still at a high level, and the cost support for BR is strong; While some devices are being shut down and reduced in load, there are still other maintenance plans in the later stage, and the expectation of starting production of BR is further reduced; The cost and commencement of production support the market for BR. However, the current downstream resistance to the high priced supply of BR has slowed down, putting pressure on the BR market. Overall, the current BR market is expected to maintain a high consolidation level in the short term.


If you have any questions, please feel free to contact SunSirs with

Exchange Rate:

8 Industries
Rubber & Plastics
Non-ferrous Metals
Building Materials
Agricultural & Sideline Products