This week (5.29-6.5), the market for butadiene rubber slightly declined. According to the Commodity Market Analysis System of Business Society, as of June 5th, the domestic price of butadiene rubber was 10400 yuan/ton, a decrease of 0.48% from last Monday’s 10450 yuan/ton. The price of raw material butadiene continues to decline significantly, and the cost of cis-1,4-polybutadiene rubber is declining; During the cycle, the factory price of polybutadiene rubber supplier polybutadiene rubber was reduced by 300 yuan/ton, resulting in a decrease in merchant offers. According to the monitoring of Business Society, as of June 5th, the factory price of butadiene rubber at Sinopec North China Sales Company was reported at 9900 yuan/ton. As of June 5th, Qilu, Yanshan, Yangzi, Dushanzi, Sichuan, Qixiang, Zhenhua and other mainstream markets of butadiene rubber in East China reported 9900~10500 yuan/ton.

This week (5.29-6.5), the operating rate of butadiene rubber slightly increased, and the supply pressure slightly increased.

This week (5.29-6.5), the price of raw material butadiene continued to decline significantly, and the cost of cis-1,4-polybutadiene rubber continued to decline. According to the Commodity Market Analysis System of Business Society, as of June 5th, the price of butadiene was 6378 yuan/ton, a decrease of 10.66% from last Monday’s 7140 yuan/ton.

This week (5.29-6.5), the natural rubber market was weak and volatile, providing slight support for butadiene rubber. According to the Commodity Market Analysis System of Business Society, as of June 5th, the price of natural rubber was 11690 yuan/ton, an increase of 0.43% from last Monday’s 11640 yuan/ton, and the low point during the cycle was 11600 yuan/ton.

The tire operating rate fluctuated slightly this week (5.29-6.5), with limited demand for rubber support. It is understood that as of late May 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.4%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.1%.

Future Market Forecast: Business Society analysts believe that in the near future, some butadiene rubber plants will restart, increasing pressure on the supply side of butadiene rubber; Downstream construction fluctuates slightly, with limited support for butadiene rubber. Although the price of natural rubber is slightly supported, the pressure on natural rubber inventory remains, and short-term support for butadiene rubber is not optimistic. Overall, it is expected that butadiene rubber will experience weak consolidation in the short term.