I. Trend analysis
According to the data monitoring of business associations, this week (7.22-7.26) domestic cis-butadiene rubber prices rose slightly, at the beginning of the week at 10,450 yuan/ton, and at the end of the week at 10,512 yuan/ton, an overall increase of 0.6%.
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II. Market Analysis
Petrochemical ex-factory price: This week (7.22-7.26) domestic cis-butadiene rubber petrochemical factory ex-factory price is stable, as of July 26, Daqing Petrochemical cis-butadiene rubber ex-factory price 10400 yuan/ton.
Rubber import and export: In June 2019, China imported 441,000 tons of natural and synthetic rubber, and 307.6 tons in January-June. Compared with the same period last year, it decreased by 7.7%.
Raw materials: raw material butadiene prices rose sharply this week, the cost of cis-butadiene rubber support. Butadiene was 8,545 yuan/ton at the beginning of the week and 8,890 yuan/ton at the end of the week, up 4.04% as a whole, according to the business association.
Supply: According to statistics, in June 2019, the domestic production of synthetic rubber was 506,000 tons, up 12.7% year-on-year; in January-June, the domestic production of synthetic rubber was 2.904 million tons, up 4.3% year-on-year.
Demand: According to statistics, in June 2019, the domestic rubber tyre tyre output was 70.279 million, down 2.45% annually, up 3.2% year-on-year; in January-June, the domestic rubber tyre output was 403.745 million, down 1.0% year-on-year.
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3. Prospects for the Future Market
Xu Xiaokun, an analyst with business associations, believes that at present, on the one hand, the rising price of crude oil butadiene in the upstream supports the price of cis-butadiene rubber, on the other hand, the ring ratio of tire production in the downstream rubber market is decreasing, which creates a negative atmosphere for cis-butadiene rubber. Later look at the cis-butadiene rubber market will form a turbulent situation.