May 26, 2022
Price trend
Recently (5.13-5.25), the BR market rebounded slightly. According to the monitoring of SunSirs, as of May 25, the domestic price of BR was 13,870 RMB/ton, a slight increase of 2.51% from the price of 13,530 RMB/ton on the 13th.
Analysis review
The ex-factory price of BR of domestic enterprises was raised. According to the monitoring of SunSirs, as of May 25, the price of BR of Sinopec North China Sales Company Qilu Petrochemical was implemented at 13,700 RMB/ton. In addition, the international crude oil was running at a high level, and the price of raw butadiene rebounded slightly, the BR market rose slightly.
In May, the price of butadiene first fell and then rose, and the overall rebounded slightly, and the cost side supported again. According to the monitoring of SunSirs, as of May 25, the price of butadiene was 10,335 RMB/ton, an increase of 5.29% from the price of 9,816 RMB/ton at the beginning of the month.
Since May, the natural rubber market has fluctuated upwards. According to the monitoring of SunSirs, as of May 25, the price of natural rubber was 12,818 RMB/ton, an increase of 2.45% from the price of 12,512 RMB/ton at the beginning of the month.
This week, the start of downstream tire construction increased slightly to more than 60%, and there was a small replenishment of rubber, but it was still cautious about the purchase of high-priced BR.
Market outlook
Analysts of SunSirs believe that the raw material cost rebounded and the downstream construction rose slightly. It is expected that the price of BR will remain fluctuating within a narrow range due to support in the short term.
