The market of Polybutadiene rose slightly this week (7.24-7.31). According to the commodity market analysis system of the business agency, as of July 31, the price of Polybutadiene in East China was 10940 yuan/ton, up 1.58% from 10770 yuan/ton last Monday. The price of raw butadiene continues to rise, and the cost of Polybutadiene is supported; Recently, the supply price of Polybutadiene has been raised by 200 yuan/ton, and the offer of merchants has risen slightly.

This week (7.24-7.31), the Polybutadiene plant basically operated normally, and Polybutadiene supply was loose as a whole.

The price of raw butadiene continued to rebound this week (7.24-7.31), and the cost focus of Polybutadiene rebounded. According to the Commodity Market Analysis System of Business Society, as of July 31st, the price of butadiene was 7201 yuan/ton, an increase of 3.34% from last Monday’s 6968 yuan/ton.

The natural rubber market slightly increased this week (7.24-7.31). According to the Commodity Market Analysis System of Business Society, as of July 31st, the price of natural rubber was 12080 yuan/ton, an increase of 1.94% from last Monday’s 11850 yuan/ton.

Recently, the tire operating rate has fluctuated slightly, with a slight increase in half steel tire operating compared to the previous period, and a slight decrease in all steel tire operating compared to the previous period. The demand for rubber rigid support is stable. It is understood that as of late July 2023, the operating load of rubber tire enterprises in Shandong Province for all steel tires is 6.3%, and for half steel tires, it is around 7.2%.

Future market forecast: analysts from the business community believe that the high raw material price of Polybutadiene is supported by its cost. In the second half of the month, many devices were restarted, and the pressure on the supply side of Polybutadiene increased slightly; The downstream commencement fluctuates slightly, which is stable for Polybutadiene support; To sum up, it is expected that Polybutadiene will consolidate after rising in the short term. In the medium and long term, if the cost and demand continue to support, Polybutadiene may have the opportunity to continue to rise.