Recently (4.12-4.22), the market price of butadiene rubber has slightly declined. According to the commodity market analysis system of Shengyishe, as of April 22, the market price of butadiene rubber in East China was 13450 yuan/ton, a decrease of 1.25% from 13620 yuan/ton on April 12. The high price of raw material butadiene continues to support the cost of butadiene rubber; The production of butadiene rubber remains at a low level; Downstream tire production has remained stable, with on-demand procurement of butadiene rubber. The price of butadiene rubber has mainly weakened and narrowed after a significant increase in the early stage.

Recently (4.12-4.22), the price of butadiene has been running at a high level, and the cost of butadiene rubber continues to support. According to the Commodity Market Analysis System of Shengyishe, as of April 22, the price of butadiene was 11712 yuan/ton, an increase of 0.11% from 11700 yuan/ton on April 12.

Recently (4.12-4.22), the production of butadiene rubber has slightly increased, and as of now, the domestic production of butadiene rubber is around 5.9%.

Demand side: In the near future (4.12-4.22), downstream tire production has remained stable with slight fluctuations, maintaining rigid support for butadiene rubber. It is understood that as of mid April, the operating load of semi steel tires in domestic tire enterprises is around 8.00%; The operating load of all steel tires for tire enterprises in Shandong region has slightly increased to 7.1%; But the downstream has some resistance to high priced Shunding, stocking up on demand, and market transactions are flat.

Future Market Forecast:

From a technical perspective, analysts from Business Society believe that the graph of Business Society’s butadiene rubber index shows that after the 7-day moving average crossed the 30 day moving average in early February, it was overall above the 30 day moving average, and during this period, the price of butadiene rubber increased significantly; At present, the 7-day moving average has crossed the 30 day moving average in mid April, and the 30 day moving average supports breaking levels. In the later stage, butadiene rubber may operate weakly.

From a fundamental perspective, analysts from Business Society believe that the price of raw material butadiene is still at a high level, and the cost of butadiene rubber continues to support it; Some early stage equipment has recently restarted, and there are also some equipment plans for maintenance in the later stage. The expected start of production of butadiene rubber is expected to remain low; Although downstream tire companies are still operating at a relatively high level, their resistance to high priced sources of polybutadiene rubber has resulted in less than expected procurement efforts, putting pressure on the polybutadiene rubber market. Overall, the current polybutadiene rubber market may be weak in the future.