I. Trend analysis
According to the data monitoring of business associations, this week (6.17-6.21) domestic cis-butadiene rubber prices fell slightly, the price at the beginning of the week was 11,487 yuan/ton, the weekend price was 1,1250 yuan/ton, the overall decline of 2.07%.
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II. Market Analysis
Petrochemical ex-factory price: This week (6.17-6.21) domestic cis-butadiene rubber petrochemical factory ex-factory price overall reduced by 500 yuan/ton, as of June 21, Daqing Petrochemical cis-butadiene rubber ex-factory price 11,000 yuan/ton.
Rubber import and export: In May 2019, China imported 507,000 tons of natural and synthetic rubber, a decrease of 8.98% in ring ratio, and 263.5 tons in January-May. Compared with the same period last year, it decreased by 3.5%.
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Raw Material: The price of raw material butadiene rose slightly this week, and the cost of cis-butadiene rubber was more profitable than the price of cis-butadiene rubber. According to the business association, butadiene was 8390 yuan/ton at the beginning of the week and 8434 yuan/ton at the end of the week, up 0.52% on the whole.
Demand: According to statistics, in May 2019, domestic rubber tyre tyre output was 72.043 million, down 2.33% annually, up 0.2% year-on-year; in January-May, domestic rubber tyre output was 33.3767 million, down 2.4% year-on-year.
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3. Prospects for the Future Market
Xu Xiaokun, a business analyst, believes that at present, on the one hand, the price of upstream butadiene has risen slightly, which supports the price of synthetic rubber, on the other hand, the downstream market of rubber continues to be weak, forming a negative atmosphere for cis-butadiene rubber as a whole. In the later period, the market of cis-butadiene rubber will maintain a narrow fluctuation.