Recently (7.1-7.9), the butadiene rubber market has been weak and declining. According to the commodity market analysis system of SunSirs, as of July 9th, the butadiene rubber market price in East China was 11,690 RMB/ton, a decrease of 1.10% from 11,820 RMB/ton on the 1st. The price of raw material butadiene fluctuated slightly lower, but the cost of butadiene rubber still has support; The production of butadiene rubber is basically stable; Downstream semi steel tire production has slightly decreased, providing weak support for the demand for butadiene rubber. As of July 9th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze BR in East China were 11,550-11,900 RMB/ton.

Recently (7.1-7.9), the price of butadiene has been weak and fluctuating, and the cost of butadiene rubber continues to be supported. According to the Commodity Market Analysis System of SunSirs, as of July 9th, the price of butadiene was 8,966 RMB/ton, a decrease of 0.37% from 9,000 RMB/ton on July 1st.

Recently (7.1-7.9), the domestic BR plant has been operating steadily at around 67%, but there are plans to restart 200,000 ton plants from Xinke and Yanshan in the later stage, resulting in a slight increase in supply pressure.

Demand side: Recently (7.1-7.9), the production of downstream semi steel tires has slightly decreased, providing strong support for the demand in the butadiene rubber market. As of July 4th, the production of semi steel tires by domestic tire companies has slightly decreased to around 70%; Around 64% of all steel tire production in Shandong tire enterprises has started..

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the raw material butadiene market will consolidate weakly, and the cost of butadiene rubber will still be supported; Downstream semi steel tire production has slightly decreased, with weak supply and demand. Overall, it is expected that the BR market will be mainly weak and volatile in the later period.

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