In March, the market for styrene butadiene rubber was weak and declining. According to data monitoring from Business Society, as of March 31, the price of 1502 butadiene benzene was 11341 yuan/ton, a decrease of 5.94% from 12058 yuan/ton at the beginning of the month. The price of raw material butadiene has significantly decreased, while the price of styrene has narrowed and stabilized, resulting in weaker cost support; In March, the start of downstream tire factories fluctuated slightly, and the new demand for styrene butadiene rubber was weak. In late March, the market turnover was light, the ex factory price of styrene butadiene rubber was significantly reduced, and the market price of styrene butadiene rubber was lower.

In March, the price of butadiene, the raw material for styrene butadiene rubber, significantly decreased, and the price of styrene narrowed, resulting in a downward trend in the cost of styrene butadiene rubber. According to monitoring by Business Society, as of March 31, the price of butadiene was 8551 yuan/ton, a decrease of 11.96% from 9712 yuan/ton at the beginning of the month. As of March 31st, the price of styrene was 8458 yuan/ton, a decrease of 1.17% from 8558 yuan/ton at the beginning of the month.

The natural rubber market fell in March, which had a bearish impact on styrene butadiene rubber. As of March 31st, the price was at 11525 yuan/ton, a decrease of 4.11% from 12020 yuan/ton at the beginning of the month.

Demand side: The operating rate of downstream tire companies in March has temporarily remained around 70%, and there has been no significant increase in demand for styrene butadiene rubber. In addition, the low price of natural rubber makes styrene butadiene rubber less advantageous. The demand side for styrene butadiene rubber in March was mainly weak.

Future Forecast: Business Society analysts believe that there is currently no significant improvement in downstream construction in the short term, and the demand for styrene butadiene rubber is expected to be weak. In addition, the supply side is expected to change little in April. However, multiple oil producing countries are jointly reducing production, and it is expected that crude oil prices will run high. styrene butadiene rubber may receive cost support, and it is expected that the styrene butadiene rubber market will fluctuate widely in April.