Recently (9.1-9.8), the market price of butadiene rubber in East China has been narrowly adjusted. According to the commodity market analysis system of SunSirs, as of September 8th, the market price of BR in East China was 12,210 RMB/ton, an increase of 0.08% from 12,000 RMB/ton on September 1st. The price of raw material butadiene has stabilized at a high level, and the cost of BR still has support; BR production slightly decreased; Downstream tire production has slightly improved, providing support for the demand for BR. As of September 8th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China are 12,100-12,300 RMB/ton.
Recently (9.1-9.8), the price of butadiene has slightly increased, and the cost of BR still has support. According to the Commodity Market Analysis System of SunSirs, as of September 8th, the price of butadiene was 9,400 RMB/ton, an increase of 0.89% from 9,316 RMB/ton on September 1st.
Recently (9.1-9.8), the production of Shunding equipment in China has slightly decreased to around 7.40%. Shandong Weite and Taiwan Rubber Ube High Shunding production equipment have stopped for maintenance. Later, Haopu, Qilu and other Shunding equipment have maintenance plans, and the supply of BR is expected to tighten in the later stage.
Demand side: Recently (9.1-9.8), there has been a slight consolidation in downstream tire production, providing strong support for the demand in the BR market. As of September 5th, the construction of semi steel tires by domestic tire companies has slightly increased to around 73%; The production of all steel tires by tire companies in Shandong Province has slightly decreased to around 64%.
From a fundamental perspective, analysts from SunSirs believe that raw material prices have slightly increased, supported by downstream tire demand. In addition, with the arrival of the peak season, it is expected that BR may fluctuate and rise in the later period.
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