Since September, the butadiene rubber market has seen a significant upward trend. According to the Commodity Market Analysis System of Shengyi Society, as of September 30th, the butadiene rubber market price in East China was 16490 yuan/ton, an increase of 7.29% from 15370 yuan/ton at the beginning of September. The price of raw material butadiene has significantly increased, and the cost has driven the rise of butadiene rubber; The overall production of butadiene rubber remains at a low level; Downstream tire production remains stable with slight fluctuations, providing strong support for the demand for butadiene rubber. The supply price of Shunding rubber has been gradually increased within the month. As of September 30th, the ex factory price of Daqing Shunding by PetroChina Northeast Sales Company was between 16300 and 16600 yuan/ton.

Since September, the price of butadiene has continued to rise, and the cost of butadiene rubber has strong support. According to the Commodity Market Analysis System of Shengyi Society, as of September 30th, the price of butadiene was 13700 yuan/ton, an increase of 6.00% from 12925 yuan/ton at the beginning of September, and the low point during the cycle was 12400 yuan/ton.

In September, the domestic butadiene rubber plant started operating at a low level, and the pressure on the supply side of butadiene rubber was not significant.

Demand side: Since September, downstream tire production has remained stable with slight fluctuations, and demand is supported by the demand of the butadiene rubber market. As of September 27th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The operating load of all steel tires in tire enterprises in Shandong region is about 5.6%.

Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the high price of raw material butadiene will provide strong cost support for butadiene rubber; Shunding rubber production remains at a low level, with little pressure on the supply side; Recently, downstream tire companies have been stocking up on butadiene rubber before the holiday, which has provided some support. Overall, the butadiene rubber market is expected to maintain a high operating trend in the short term.