Since the downstream demand season has not yet arrived, the processing companies still maintain their inventory at a relatively low level of safety. Therefore, despite the end of September, the price of butadiene rubber has risen by about 100 yuan per ton compared to the end of August, reaching 15600 to 15900 yuan. RMB/ton, but market players are still in a confused state of judgment on the market of butadiene rubber. However, due to the fact that during the National Day holiday, the business did not dare to rush to pick up the goods, and the unexpected drop in market supply has always supported the stabilization of prices.
In the coming period, the supply and demand relationship of butadiene rubber is expected to continue to develop in a good direction. However, it is difficult to estimate the market price higher, and it will fluctuate in a narrow range after being blocked. The reason is as follows:
First, the relationship between supply and demand continues to improve. October is the traditional consumer season of butadiene rubber, and the natural rubber market due to lack of supply due to natural disasters will have a substantial impact on the butadiene rubber market, consumer demand is expected to rise. Although it is expected that Daqing will operate at full capacity and Jinzhou will resume production, the news that Yuehua will stop will in turn increase the domestic supply. Therefore, in general, the relationship between supply and demand will continue to develop in a good direction.
The second is that the market price of raw material butadiene has declined slowly, which is conducive to the production of butadiene rubber. As part of the Asian butadiene equipment will be gradually overhauled and resumed production, coupled with the quantitative addition of ocean-going cargo, the domestic supply in Asia, including China, will increase, and the tight supply situation will basically ease, and the domestic butadiene market will Showing a slight decline in the running situation.
Third, natural rubber supports the market price. Typhoon "Dawei" landed in Hainan on August 26th. In the Hainan tapping season, the rubber production in the reclamation area suffered heavy losses. In the whole area of ​​Hainan, 4.7 million trees were discarded, 2.10 million were broken, and 11.05 million were half-collapsed. The main branch was 31.34 million, and the subsequent sudden drop in production was a fact. Natural rubber will support market prices once again in the supply shortage. Experts predict that “Dawei†may lead to historic breakthroughs in Hujiao. With the linkage, the spot market is also expected to rise to a new level.
Therefore, under the combined effect of the above factors, if there is no incident, it is expected that the short-term volatility will be seen after the turbulence in the butadiene rubber market has been blocked.
In the coming period, the supply and demand relationship of butadiene rubber is expected to continue to develop in a good direction. However, it is difficult to estimate the market price higher, and it will fluctuate in a narrow range after being blocked. The reason is as follows:
First, the relationship between supply and demand continues to improve. October is the traditional consumer season of butadiene rubber, and the natural rubber market due to lack of supply due to natural disasters will have a substantial impact on the butadiene rubber market, consumer demand is expected to rise. Although it is expected that Daqing will operate at full capacity and Jinzhou will resume production, the news that Yuehua will stop will in turn increase the domestic supply. Therefore, in general, the relationship between supply and demand will continue to develop in a good direction.
The second is that the market price of raw material butadiene has declined slowly, which is conducive to the production of butadiene rubber. As part of the Asian butadiene equipment will be gradually overhauled and resumed production, coupled with the quantitative addition of ocean-going cargo, the domestic supply in Asia, including China, will increase, and the tight supply situation will basically ease, and the domestic butadiene market will Showing a slight decline in the running situation.
Third, natural rubber supports the market price. Typhoon "Dawei" landed in Hainan on August 26th. In the Hainan tapping season, the rubber production in the reclamation area suffered heavy losses. In the whole area of ​​Hainan, 4.7 million trees were discarded, 2.10 million were broken, and 11.05 million were half-collapsed. The main branch was 31.34 million, and the subsequent sudden drop in production was a fact. Natural rubber will support market prices once again in the supply shortage. Experts predict that “Dawei†may lead to historic breakthroughs in Hujiao. With the linkage, the spot market is also expected to rise to a new level.
Therefore, under the combined effect of the above factors, if there is no incident, it is expected that the short-term volatility will be seen after the turbulence in the butadiene rubber market has been blocked.
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