1、 Trend analysis

According to the data monitoring of business agency, the price of domestic cis-1,4-polybutadiene rubber fell this week (2.3-2.7), with the price at the beginning of the week at 11350 yuan / ton and the price at the end of the week at 11000 yuan / ton, down 3.08% overall.

2、 Market analysis

Stable reduction of petrochemical ex factory price: this week (2.3-2.7)), the ex factory price of domestic Shunding rubber petrochemical factory is reduced by 300 yuan / ton. As of February 7, the ex warehouse price of Daqing Shunding of CNPC Northeast sales company is 10800 yuan / ton.

The price of raw materials was lowered, and the support strength of cost side was weakened: the price of butadiene was low, and the support for cis-1,4-polybutadiene rubber was weakened. According to the monitoring of the business agency, the price of butadiene at the beginning of the week was 8056 yuan / ton, while the price of butadiene at the end of the week was 7773 yuan / ton, slightly down 3.51%.

Traffic is blocked and demand is light: according to the business association, during the Spring Festival, the provincial and municipal governments issued a notice to postpone the resumption of enterprises. It is reported that the resumption of tire enterprises is postponed accordingly, most of which are initially scheduled to be on February 10 (the 17th day of the first month of the lunar calendar). The downstream resumption of work was delayed, and the overall demand was light.

3、 Future prospects

Business analysts believe that at present, on the one hand, the price of raw materials is low, on the other hand, downstream demand is light, and it is expected that the overall performance of the market in the later period is light and the price is weak.