Recently (12.1-12.12), the market for butadiene rubber has continued to be weak. According to the Commodity Market Analysis System of Business Society, as of December 12th, the market price of butadiene rubber in East China was 11860 yuan/ton, a decrease of 4.12% from the beginning of the month at 12370 yuan/ton.

The price of raw material butadiene has significantly decreased, and the cost center of butadiene rubber has significantly declined. Downstream tire factories have seen a significant decrease in production compared to late November. The demand for butadiene rubber has weakened, coupled with a slight increase in supply, resulting in overall weak transactions in the butadiene rubber market and a decrease in the factory price of butadiene rubber. As of December 12th, PetroChina Northeast Sales Company’s Daqing Shunding Northeast Warehouse has raised prices by 11600 yuan/ton; Private polybutadiene rubber costs 11200-11600 yuan/ton.

Recently (12.1-12.12), the construction of domestic butadiene rubber plants has slightly increased.

Recently (12.1-12.12), the price of butadiene has significantly declined, and the cost center of butadiene rubber has decreased. According to the Commodity Market Analysis System of Shengyishe, as of December 12th, the price of butadiene was 8370 yuan/ton, a decrease of 8.27% from 9125 yuan/ton at the beginning of the month.

Recently (12.1-12.12), the natural rubber market has fluctuated and fallen, and the atmosphere in the rubber market is weak. According to the Commodity Market Analysis System of Shengyishe, as of December 12th, the price was 12470 yuan/ton, a decrease of 1.66% from 12680 yuan/ton at the beginning of the month, and the lowest point in the cycle was 12300 yuan/ton.

Demand side: Recently (12.1-12.12), the production of all steel tires has slightly decreased, resulting in weak demand for rubber. It is understood that as of early December 2023, the operating load of all steel tires in rubber tire enterprises in Shandong region was 5.9%; The operating load of semi steel tires in domestic rubber tire enterprises is 7.2%.

Market forecast: According to analysts from Business Society, the cost of butadiene rubber has significantly decreased and the demand has weakened during the off-season. Although Maoming Petrochemical plans to shut down for maintenance recently, the overall supply of butadiene rubber is still loose, and it is expected that the spot market of butadiene rubber will be weak and consolidate in the future.