Recently (May 23~May 31), the market price of butadiene rubber has significantly increased. According to the commodity market analysis system of Shengyishe, as of May 31, the price of butadiene rubber in the East China region was 14090 yuan/ton, an increase of 4.37% from 13500 yuan/ton on May 23. The price of raw material butadiene has significantly increased, and the cost support for butadiene rubber has strengthened; The production of butadiene rubber has slightly increased but still remains at a low level; Downstream production of all steel tires has slightly decreased, and on-demand procurement of butadiene rubber has led to a significant increase in butadiene futures, driving a bullish market atmosphere. The supply and price of butadiene have gradually increased, and merchant quotations have followed suit.

Recently (May 23 to May 31), the price of butadiene has significantly increased, and the cost of butadiene rubber is strongly supported. According to the Commodity Market Analysis System of Shengyishe, as of May 31, the price of butadiene was 11875 yuan/ton, an increase of 6.50% from 11150 yuan/ton on May 23.

Recently (May 23 to May 31), there has been a slight increase in the production of domestic butadiene rubber plants, but they are still at a low level. As of the end of May, the production of domestic butadiene rubber has been around 520%; The Qixiang Tengda Shunding rubber device was restarted to normal operation in late May; Taixiang Yubu Shunding Equipment will restart operation from May 24th; The butadiene rubber plant of Jinzhou Petrochemical was gradually restarted at the end of May.

Demand side: In the near future (May 23 to May 31), downstream tire production has slightly declined, providing strong support for the rigid demand for butadiene rubber. It is understood that as of late May, the operating load of semi steel tires in domestic tire enterprises was around 790%; The operating load of all steel tires in Shandong tire enterprises has slightly decreased to 6.60%; Downstream suppliers tend to stock up on demand for polybutadiene rubber.

Market forecast: From a fundamental perspective, analysts from Business Society believe that the price of raw material butadiene will rise again, and the cost support for butadiene rubber will be strong; The production of butadiene rubber has slightly increased, but it is still at a low level and the market supply is tight; At present, downstream tire companies are consolidating their production in a narrow range, providing strong support for the demand for butadiene rubber. Overall, the butadiene rubber market has remained strong in the near future under the support of cost and low production.