This week (8.21-8.28), the market for butadiene rubber continued to rise. According to the Commodity Market Analysis System of Business Society, as of August 28th, the price of butadiene rubber in East China was 11650 yuan/ton, an increase of 1.84% from last Monday’s 11440 yuan/ton. The price of raw material butadiene continues to run at a high level, and the cost support of cis-1,4-polybutadiene rubber continues; This week, the supply price of butadiene rubber increased by 200 yuan/ton, and merchants’ offers slightly increased.

This week (August 21- August 28), the construction of domestic butadiene rubber plants slightly increased.

This week (8.21-8.28), the price of raw material butadiene continued to run at a high level, and the cost of butadiene rubber continued to receive support. According to the Commodity Market Analysis System of Business Society, as of August 28th, the price of butadiene was 7618 yuan/ton, an increase of 0.07% from last Monday’s 7613 yuan/ton.

This week (8.21-8.28), the natural rubber market slightly rose, but the price difference with cis-1,4-polybutadiene rubber gradually narrowed, which had a negative impact on cis-1,4-polybutadiene rubber. According to the Commodity Market Analysis System of Business Society, as of August 28th, the price of natural rubber was 11940 yuan/ton, an increase of 0.84% from last Monday’s 11840 yuan/ton.

Recently, the tire production rate has remained stable, and the demand for rubber has remained stable. It is understood that as of late August 2023, the operating load of rubber tire enterprises in Shandong Province is 6.4% for all steel tires and around 7.2% for half steel tires.

Future Market Forecast: Business Society analysts believe that the high raw material prices of butadiene rubber have support in terms of cost. This week, the production of butadiene rubber has slightly increased, and the supply of butadiene rubber is slightly loose; Downstream tire construction is basically stable and requires support for cis-1,4-polybutadiene rubber; Overall, it is expected that the price of butadiene rubber will be relatively strong in the short term.