SunSirs: China BR Market slightly Rises

Recently (6.11-6.18), the butadiene rubber market has slightly increased. According to the commodity market analysis system of SunSirs, as of June 18, the butadiene rubber market price in East China was 12,040 RMB/ton, an increase of 3.35% from 11,650 RMB/ton on June 11. The price of raw material butadiene has been adjusted narrowly, and the cost of butadiene rubber still has support; BR production slightly increased; Downstream semi steel tire construction has slightly increased, while full steel tire construction has slightly decreased, providing support for the demand for butadiene rubber. As of June 18th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze BR in East China were 11,850-12,200 RMB/ton.

Recently (6.11-6.18), the price of butadiene has been adjusted narrowly, and the cost of butadiene rubber continues to be supported. According to the Commodity Market Analysis System of SunSirs, as of June 18th, the price of butadiene was 9,275 RMB/ton, a decrease of 0.80% from 9350 RMB/ton on June 11th.

Demand side: Recently (6.11-6.18), there has been a slight fluctuation in downstream tire production, which provides strong support for the demand in the butadiene rubber market. As of June 15th, the construction of semi steel tires by domestic tire companies has slightly increased to around 78%; The production of all steel tires by tire companies in Shandong Province has slightly decreased to around 61%.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the raw material butadiene market will consolidate narrowly, and the cost of butadiene rubber will continue to be supported; Downstream production has fluctuated slightly, with weak supply and demand. Overall, it is expected that the market for butadiene rubber will mainly fluctuate and consolidate in the later period.

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