SunSirs: China BR Market Fluctuates and slightly Rises

https://www.chemnet.com   Sep 11,2024 SunSirs

Recently (9.1-9.10), the market price of BR has fluctuated slightly higher. According to the commodity market analysis system of SunSirs, as of September 10, the market price of BR in East China was 15,450 RMB/ton, an increase of 0.52% from 15,370 RMB/ton on September 1. High and narrow fluctuations in the price of raw material butadiene; BR production is still at a low level; The downstream tire production is generally stable. The supply price of BR remains high and firm, with the mainstream prices for BR in Qilu, Daqing, Sichuan, and Yangtze regions in East China ranging from 15,300 to 15,550 RMB/ton as of September 10th.

Recently, the price of butadiene has fluctuated narrowly, and the cost of butadiene rubber still has support. According to the Commodity Market Analysis System of SunSirs, as of September 9th, the price of butadiene was 12,937 RMB/ton, an increase of 0.1% from 12,925 RMB/ton on September 1st.

On the demand side: With the support of domestic policies to promote automobile consumption, the downstream tire industry has maintained stable production, and the demand is facing the urgent support of the butadiene rubber market. As of September 6th, the operating load of semi steel tires in domestic tire enterprises is around 79%; The operating load of all steel tires in tire enterprises in Shandong region is about 59%.

From a fundamental perspective, analysts from SunSirs believe that the price of raw material butadiene will consolidate narrowly, and the cost center of butadiene rubber will remain firm; BR production remains at a low level, with little pressure on the supply side; Recently, downstream tire companies have started production steadily, which provides some support for BR. Overall, the BR market is mainly fluctuating at high levels in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

 Print  |    add to Favorites  |    Close