Recently (7.1-7.9), the butadiene rubber market has been weak and declining. According to the commodity market analysis system of Shengyi Society, as of July 9th, the butadiene rubber market price in East China was 11690 yuan/ton, a decrease of 1.10% from 11820 yuan/ton on the 1st. The price of raw material butadiene fluctuated slightly lower, but the cost of butadiene rubber still has support; The production of butadiene rubber is basically stable; Downstream semi steel tire production has slightly decreased, providing weak support for the demand for butadiene rubber. As of July 9th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11550-11900 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
Recently (7.1-7.9), the price of butadiene has been weak and fluctuating, and the cost of butadiene rubber continues to be supported. According to the Commodity Market Analysis System of Shengyi Society, as of July 9th, the price of butadiene was 8966 yuan/ton, a decrease of 0.37% from 9000 yuan/ton on July 1st.
Recently (7.1-7.9), the domestic Shunding plant has been operating steadily at around 6.70%, but there are plans to restart 200000 ton plants from Xinke and Yanshan in the later stage, resulting in a slight increase in supply pressure.
Demand side: Recently (7.1-7.9), the production of downstream semi steel tires has slightly decreased, providing strong support for the demand in the butadiene rubber market. As of July 4th, the production of semi steel tires by domestic tire companies has slightly decreased to around 7.0%; Around 6.40% of all steel tire production in Shandong tire enterprises has started..
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the raw material butadiene market will consolidate weakly, and the cost of butadiene rubber will still be supported; Downstream semi steel tire production has slightly decreased, with weak supply and demand. Overall, it is expected that the Shunding rubber market will be mainly weak and volatile in the later period.
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