SunSirs: China BR Market Trend Rises

https://www.chemnet.com   Sep 19,2024 SunSirs

Recently (9.10-9.18), the market price of BR has risen. According to the commodity market analysis system of SunSirs, as of September 18, the market price of BR in East China was 16,020 RMB/ton, an increase of 3.96% from 15,410 RMB/ton on September 10. The price of raw material butadiene continues to rise, and the cost is supported by butadiene rubber; BR production is still at a low level; The downstream tire production is generally stable. Some suppliers of BR have raised their supply prices, and some merchants have followed suit with their offers. As of September 18th, the mainstream prices for BR in Qilu, Daqing, Sichuan, and Yangzi in East China are 16,000-16,350 RMB/ton.

Recently, the price of butadiene has risen, providing support for the cost of butadiene rubber. According to the Commodity Market Analysis System of SunSirs, as of September 18th, the price of butadiene was 13,550 RMB/ton, an increase of 4.73% from 12,937 RMB/ton on September 10th.

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%.

Market forecast: From a fundamental perspective, analysts from SunSirs believe that the price of raw material butadiene will rise, and the cost center of butadiene rubber will shift upwards; 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 expected to maintain a high level of operation in the short term.

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