I. Trend analysis

According to the data of business associations, this week (9.2-9.6) the domestic price of cis-butadiene rubber rose. At the beginning of the week, the price was 11075 yuan/ton, and at the end of the week, the price was 11325 yuan/ton, up 2.26%.

II. Market Analysis

Increased factory overhaul

This week, the supply of cis-butadiene rubber continued to decrease, on the one hand, manufacturers continue to parking maintenance. According to the monitoring of business associations, following the shutdown of cis-butadiene rubber plants in Lande, Dushanzi and Qixiang Tengda in Xinjiang, Zhejiang Biochemical Synthetic Material Co., Ltd., which produces 100,000 tons of cis-butadiene rubber annually, stopped again this week from September 4 and is expected to stop for about 10 days. Overall, the inventory of cis-butadiene rubber manufacturers continued to decrease compared with last week, forming a positive impact on the price of cis-butadiene rubber.

Petrochemical ex-factory price increase

This week (9.2-9.6) the ex-factory price of domestic cis-butadiene rubber petrochemical plants increased by 200 yuan/ton. As of September 6, the price of cis-butadiene rubber in CNPC Northeast Sales Company was stable. At present, the ex-warehouse price of cis-butadiene rubber in Daqing was 11,100 yuan/ton, and that of cis-butadiene rubber in Jinzhou was 11,100 yuan/ton. The price is 11150 yuan/ton, of which 50 yuan/ton is the storage fee; the price of cis-butadiene rubber of Sinopec North China Sales Company is stable. At present, Qilu Shunding offers 11100 yuan/ton, and the price of North China Reservoir increases; Yanshan Shunding offers 11020 yuan/ton, and North China Reservoir raises its price.

Raw material prices remain high

The price of butadiene, the raw material of cis-butadiene rubber, remained high. According to the monitoring of business associations, the price of raw material butadiene remained high this week, with 10,443 yuan/ton at the beginning of the week and 10,358 yuan/ton at the end of the week. The overall price of raw material butadiene fell slightly by 0.81%, still at a high level.

3. Prospects for the Future Market

Xu Xiaokun, an analyst with business associations, believes that at present, on the one hand, the high price of butadiene, the upstream raw material, together with the increase in equipment overhaul of cis-butadiene manufacturers, has formed a certain support for cis-butadiene rubber. In the later period, the market of cis-butadiene rubber will continue to show a rising trend.