SunSirs: The Market of BR Rose This Week (February 10-17)

https://www.chemnet.com   Feb 21,2023 SunSirs

SunSirs, the price of butadiene was 9,868 RMB/ton as of February 17, up 3.68% from the price of 9,518 RMB/ton on February 10.

This week (2.10-217), the natural rubber market consolidated in a narrow range, and the impact on BR was slightly negative. According to the monitoring of SunSirs, the price of natural rubber was 12,000 RMB/ton as of February 17, up 0.08% from the price of 11,990 RMB/ton on last Friday.

Recently, the construction of downstream tires had increased significantly, and the demand had strong support for BR. It is understood that as of February 10, 2023, the starting load of all steel tires of rubber tire enterprises in Shandong Province was 61.92%, 53.31% higher than that of the same period last year. The starting load of semi-steel tire of domestic rubber tire enterprises was 68.00%, 47.51% higher than that of the same period last year.

Market outlook

Analysts from SunSirs believe that the supply of BR is stable, and the downstream raw material inventory is gradually consumed. With the increase of tire construction, the demand for BR will increase in the later stage, and it is expected that BR will continue to rise in the later stage.

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