I. Trend analysis
According to the data monitoring of business associations, this week (7.8-7.12) domestic cis-butadiene rubber prices fell slightly. At the beginning of the week, the price was 10,675 yuan/ton, and at the end of the week, the price was 10,550 yuan/ton. The overall decline was 1.17%.
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II. Market Analysis
Petrochemical ex-factory price: This week (7.8-7.12) domestic cis-butadiene rubber petrochemical factory ex-factory price is stable, as of July 12, 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%.
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Raw materials: raw material butadiene prices rose slightly this week, cis-butadiene rubber cost surface performance was stable. According to the business association monitoring, butadiene at the beginning of this week was 8423 yuan/ton, and at the end of the week was 8490 yuan/ton, with an overall slight increase of 0.80%.
Demand: According to statistics, in May 2019, domestic rubber tyre tyre output was 72.043 million, down 2.33% annually, up 0.2% year-on-year; in January-May, domestic rubber tyre output was 33.3767 million, down 2.4% 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 price of upstream crude oil such as butadiene remains high, which supports the price of synthetic rubber, on the other hand, the downstream market of rubber continues to be weak, forming a negative atmosphere for cis-butadiene rubber as a whole. In the later period, the market of cis-butadiene rubber will remain weak and stable.