Recently (1.8-1.14), the market for butadiene rubber has slightly declined. According to the Commodity Market Analysis System of Business Society, as of January 14th, the market price of butadiene rubber in East China was 12240 yuan/ton, a decrease of 0.81% from last Friday’s 12340 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
The price of raw material butadiene has narrowed and stabilized, with the main focus on the cost of butadiene rubber remaining stable. Downstream tire factories have started to recover, and there is a strong demand support for butadiene rubber; Multiple devices have been shut down and reduced in load. Recently, the supply of butadiene rubber has been tight, providing strong support for butadiene rubber. However, some plans have been restarted in the near future, and the supply of butadiene rubber is expected to rebound. The bearish atmosphere in the market has increased, and the factory prices of enterprises have slightly decreased. As of January 14th, PetroChina Northeast Sales Company’s Daqing Shunding Northeast Warehouse has raised prices by 12300 yuan/ton, while the mainstream price of Shunding rubber in the East China region is reported at 12000~12500 yuan/ton; Private polybutadiene rubber costs 11800-11900 yuan/ton.
Some of the early parking and maintenance devices have plans to restart in the near future, and the supply of butadiene rubber is expected to rebound.
Recently (1.8-1.14), the price of butadiene has narrowed, and the cost center of butadiene rubber has remained stable. According to the commodity market analysis system of Shengyishe, as of January 14th, the price of butadiene was 8753 yuan/ton, which was unchanged from Monday’s price and fell to 8687 yuan/ton within the week.
Recently (1.8-1.14), the natural rubber market has slightly increased, which has had a slightly positive impact on butadiene rubber. According to the Commodity Market Analysis System of Business Society, as of January 14th, the price was 12810 yuan/ton, an increase of 1.10% from Monday’s 12670 yuan/ton, and the highest point in the cycle was 13180 yuan/ton.
Demand side: After the holiday, downstream tire companies have partially restarted their maintenance equipment, resulting in an increase in tire production and a slight rebound in demand for rubber. It is understood that as of mid January 2023, the operating load of all steel tires in rubber tire enterprises in Shandong region is around 560%; The operating load of semi steel tires in domestic rubber tire enterprises is around 7.2%.
Market forecast: Business Society analysts believe that raw material prices will continue to narrow down, and the cost of butadiene rubber will remain stable. In the near future, the plan to restart parking facilities will restart, and the supply of butadiene rubber is expected to return to loose. Downstream tire production will slightly increase, but stocking is still cautious. Overall, the spot market of butadiene rubber will remain stable and weak in the short term.
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