In March, the market for butadiene rubber first rose and then fell, with an overall increase. According to the Commodity Market Analysis System of Business Society, as of March 31, the market price of butadiene rubber in East China was 13610 yuan/ton, an increase of 2.87% from the beginning of the month at 13230 yuan/ton, and a decrease of 2.44% from the high point of 13950 yuan/ton in the cycle.

In March, the market price of butadiene remained high, while the cost center of butadiene rubber remained high; Downstream tire production is at a high level, but there is resistance to high priced sources of goods. The demand for butadiene rubber is supported by the initial rigid demand, but weak in the later stage; Multiple devices have been shut down for maintenance one after another. In March, the overall production of butadiene rubber decreased, and the supply of butadiene rubber tightened compared to the previous period; Driven by comprehensive factors, the factory prices of enterprises first increased and then decreased, and the market situation of butadiene rubber first rose and then fell. As of March 31st, the mainstream price of butadiene rubber market in East China is 13450-13700 yuan/ton.

In March, the domestic production of butadiene rubber gradually decreased from 6.4% at the beginning of the month to around 5.4% at the end of the month, a significant decrease compared to February.

In March, the price of butadiene remained high, and there is still strong support for the cost of butadiene rubber. According to the Commodity Market Analysis System of Shengyishe, as of March 31st, the price of butadiene was 11525 yuan/ton, an increase of 3.88% from 11095 yuan/ton at the beginning of the month.

Demand side: Downstream tire production is temporarily stable, providing certain support for butadiene rubber. It is understood that as of late March, the operating load of semi steel tires in domestic tire enterprises was around 790%; The operating load of all steel tires in tire enterprises in Shandong region is close to 70%; But in the middle of the month, the price of butadiene styrene rubber increased significantly, and downstream consumers resisted the high price, resulting in a slowdown in procurement efforts.

Market forecast: Business Society analysts believe that the price of raw material butadiene is still at a high level, and the cost support for butadiene rubber is strong; While some devices are being shut down and reduced in load, there are still other maintenance plans in the later stage, and the expectation of starting production of butadiene rubber is further reduced; The cost and commencement of production support the market for butadiene rubber. However, the current downstream resistance to the high priced supply of butadiene rubber has slowed down, putting pressure on the butadiene rubber market. Overall, the current butadiene rubber market is expected to maintain a high consolidation level in the short term.