This week (4.17-4.24), the market for butadiene rubber slightly increased. According to the Commodity Market Analysis System of Business Society, as of April 24th, the domestic price of butadiene rubber was 11340 yuan/ton, an increase of 1.70% from last Monday’s 11150 yuan/ton. The price of raw material butadiene has increased, and the cost support for butadiene rubber has strengthened compared to the previous period; During the cycle, the factory price of polybutadiene rubber supplier polybutadiene rubber increased by 200 yuan/ton, and the merchant’s quotation slightly increased. According to the monitoring of Business Society, as of April 24th, the factory price of butadiene rubber at Sinopec North China Sales Company was reported at 11100 yuan/ton. As of April 24th, Qilu, Yanshan, Yangzi, Dushanzi, Sichuan and other mainstream markets of butadiene rubber in East China reported 11200-11450 yuan/ton.

The supply of cis-1,4-polybutadiene rubber is temporarily stable this week (4.17-4.24).

This week (4.17-4.24), the price of raw material butadiene has increased, and the cost support for cis-1,4-polybutadiene rubber has strengthened compared to the previous period. According to the Commodity Market Analysis System of Business Society, as of April 24th, the price of butadiene was 8784 yuan/ton, an increase of 4.77% from last Monday’s 8384 yuan/ton.

This week (4.17-4.24), the natural rubber market fluctuated narrowly, and the impact on butadiene rubber continued to be biased. According to the Commodity Market Analysis System of the Business Society, as of April 24th, the price of natural rubber was 11400 yuan/ton, a slight decrease of 0.09% from last Monday’s 11410 yuan/ton, and the highest point in the cycle was 11520 yuan/ton.

This week (4.17-4.24), downstream tire production fluctuated slightly, with a strong demand for rubber support but no significant increase. It is understood that as of mid April 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.7%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.3%.

Future Forecast: Business Society analysts believe that although some butadiene rubber plants have been shut down recently, the pressure on the supply side of butadiene rubber will be slightly alleviated in the short term; Downstream construction has remained stable, but due to the low price of natural rubber, the procurement of butadiene rubber is not good, and it is expected that the low price of butadiene rubber will consolidate in the short term.