In April, the butadiene styrene rubber market first rose and then fell

In April, the butadiene styrene rubber market first rose and then fell, with a narrow range consolidation. According to the commodity market analysis system of Shengyishe, as of April 30th, the price of butadiene benzene 1502 was at 13416 yuan/ton, a decrease of 0.06% from 13425 yuan/ton at the beginning of the month, and the highest point in the cycle was 13533 yuan/ton.

 

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In April, butadiene styrene rubber slightly decreased, and there was not much pressure on the supply side; Downstream tire production has slightly declined, with on-demand inquiries for the butadiene styrene rubber market and slightly weaker support for rigid demand; The prices of raw materials such as butadiene and styrene have slightly increased, while the cost support for butadiene styrene rubber remains strong. The market for butadiene styrene rubber is supported by costs and demand, but as marginal demand weakens, the high price of butadiene styrene rubber has slightly fallen.

 

Part of the devices have been operating at reduced loads, and the production of butadiene styrene rubber in April slightly decreased, dropping from 6.6% at the beginning of the month to around 6.2% at the end of the month.

 

In April, the prices of butadiene and styrene raw materials for butadiene styrene rubber slightly increased, supporting the cost side of butadiene styrene rubber.

 

According to the Commodity Market Analysis System of Shengyishe, as of April 30th, the price of butadiene was 11712 yuan/ton, an increase of 1.63% from 11525 yuan/ton at the beginning of the month; As of April 30th, the price of styrene was 9637 yuan/ton, an increase of 3.16% from 9342 yuan/ton at the beginning of the month.

 

Demand side: Downstream tire production has slightly weakened, weakening support for butadiene styrene rubber. It is understood that as of the end of April, the operating load of semi steel tires in domestic tire enterprises was around 80%; The production of all steel tires by tire companies in Shandong region increased from 6.8% at the beginning of the month to around 7.1% in the middle of the month, and then continued to decline to 6.4% at the end of the month; Downstream customers tend to stock up on demand, resulting in lackluster market transactions.

 

Market forecast: Business Society analysts believe that the prices of raw materials such as butadiene and styrene are operating at high levels, and the cost of butadiene styrene rubber is currently supported strongly; In addition, the production of butadiene styrene rubber is at a low level, and the pressure on the supply side of butadiene styrene rubber is not high; The current downstream production of all steel tires has slightly decreased, while the production of half steel tires is at a high level, which provides weak support for the rigid demand for butadiene styrene rubber. Overall, the butadiene styrene rubber market may consolidate in the later stage.

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