I. trend analysis

According to the data monitoring of business agency, the price of domestic cis-1,4-polybutadiene rubber rose slightly last week (11.18-11.22), with the price at the beginning of the week at 10875 yuan / ton and the price at the end of the week at 10950 yuan / ton, with a slight increase of 0.69%.

II. Market analysis

The stable ex factory price of petrochemicals, coupled with the rapid price rise of natural rubber, has certain support for the price of cis-1,4-polybutadiene rubber. Stable ex factory price of petrochemicals: last week (11.18-11.22)), the ex factory price of domestic polybutadiene rubber petrochemical manufacturers was stable. As of November 22, the price of polybutadiene rubber of CNPC Northeast sales company was stable. At present, the ex factory price of Daqing Shunding was 10800 yuan / ton, and that of Jinzhou Shunding was 10800 yuan / ton. The price of polybutadiene rubber of CNPC Northwest sales company was stable: the price of Dushanzi Shunding warehouse was 10850 yuan / ton, of which 50 Yuan / ton is the storage fee; the price of cis-1,4-polybutadiene rubber of Sinopec North China sales company is stable. At present, Qilu Shunding reports 10800 yuan / ton and North China warehouse raises the price; Yanshan Shunding reports 10720 yuan / ton and North China warehouse raises the price.

Rubber imports fell month on month in October, forming a positive effect on cis-1,4-polybutadiene rubber: according to data released by the General Administration of Customs of China, China imported 500000 tons of natural and synthetic rubber (including latex) in October, down 8.4% from 546000 tons last month. China imported 5.213 million tons of natural and synthetic rubber (including latex) from January to October.

The price of raw materials fell slightly: the price of raw materials butadiene fell slightly, and the cost of raw materials pulled back to cis-1,4-polybutadiene rubber. According to the monitoring of business news agency, at the beginning of this week, the amount of butadiene was 8634 yuan / ton, and at the end of this week, 8590 yuan / ton, with a slight decline of 0.51%.

III. future prospects

Xu Xiaokun, an analyst with business club, believes that although the price of butadiene, the upstream raw material, is slightly down, the price of Tianjiao is rising rapidly, which will boost the price of cis-1,4-polybutadiene rubber in the short term, and the market is expected to continue to rise slightly in the later period.