This week (7.28-8.4), the market of Polybutadiene continued to rise slightly. According to the commodity market analysis system of the business agency, as of August 4, the price of Polybutadiene in East China was 11120 yuan/ton, up 2.68% from 10830 yuan/ton last Friday. The price of raw butadiene continued to rise slightly, and the cost support of Polybutadiene continued to strengthen; This week, the supply price of Polybutadiene was raised by 200 yuan/ton, and the offer of merchants kept up. According to the monitoring of the business community, as of August 4, the ex factory price of Polybutadiene of Sinopec North China Sales Company was 11100 yuan/ton.

This week (7.28-8.4), the domestic Polybutadiene plant started steadily, Daqing Petrochemical Polybutadiene restarted at the end of July, and Zhejiang Petrochemical cis-1,4-polybutadiene rubber plant plans to restart in the near future. The supply pressure of Polybutadiene increased slightly compared with the previous period.

The price of raw butadiene continued to rebound this week (7.28-8.4), and the cost focus of Polybutadiene continued to rebound. According to the Commodity Market Analysis System of Business Society, as of August 4th, the price of butadiene was 7376 yuan/ton, an increase of 2.43% from last Friday’s 7201 yuan/ton.

The natural rubber market fluctuated slightly this week (7.28-8.4). According to the Commodity Market Analysis System of the Business Society, as of August 4th, the price of natural rubber was 11944 yuan/ton, a decrease of 0.13% from last Friday’s 11960 yuan/ton, and the highest point in the cycle was 12080 yuan/ton.

Recently, the tire operating rate has fluctuated slightly, with half steel tire operating slightly lower than the previous period, and all steel tire operating slightly fluctuating compared to the previous period. The demand for rubber rigid support is stable. It is understood that as of early August 2023, the operating load of rubber tire enterprises in Shandong Province was 5.8% for all steel tires and around 7.2% for half steel tires.

Future market forecast: analysts from the business community believe that the high raw material price of Polybutadiene is supported by its cost. Polybutadiene started steadily this week, but there are plans to restart devices later, and the supply of Polybutadiene is basically loose; The downstream semi steel tire is slightly lower, and the support for Polybutadiene rubber is slightly weaker; To sum up, it is expected that in the short term, Polybutadiene will fluctuate in a narrow range after the rise of the cost supported price, and it may fall slightly in the middle of the month. If the downstream construction starts after the rainy season, if it actively improves, the price of Polybutadiene will continue to rise.