The market situation of butadiene rubber rose in August. According to the Commodity Market Analysis System of Business Society, as of August 28th, the market price of butadiene rubber in East China was 11650 yuan/ton, an increase of 6.49% compared to 10940 yuan/ton at the beginning of the month. The price of raw material butadiene continues to rise, and the cost support for butadiene rubber continues to strengthen; The construction of downstream tire factories in August has slightly increased compared to July, which requires support for cis-1,4-polybutadiene rubber; In August, the factory prices of Sinopec and PetroChina butadiene rubber increased. As of August 28th, the factory prices of PetroChina Northeast Sales Company Daqing butadiene rubber were at 11500 yuan/ton, and the mainstream offer range of domestic butadiene rubber was between 11500 and 12000 yuan/ton.

Cost side: The price of butadiene increased significantly in July, and the cost support for cis-1,4-polybutadiene rubber strengthened significantly. According to the Commodity Market Analysis System of Business Society, as of August 28th, the price of butadiene was 7618 yuan/ton, an increase of 5.80% from 7201 yuan/ton at the beginning of the month.

In August, the natural rubber market fluctuated in a narrow range, and as the price difference with butadiene rubber narrowed, Tianjiao lacked support for butadiene rubber. According to the Commodity Market Analysis System of Business Society, as of August 28th, the price was at 11940 yuan/ton, a decrease of 0.58% from 12010 yuan/ton at the beginning of the month, and the low point during the cycle was 11764 yuan/ton.

Demand side: The tire operating rate fluctuated slightly in August, with rubber as the main support. It is understood that as of late August 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.4%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.2%.

Future Market Forecast: Business Society analysts believe that raw material prices have significantly increased, and supply pressure has slightly increased in the later stage. Currently, downstream construction is supporting the rubber industry, and the performance of the butadiene rubber industry chain in August is stable, with strong support. It is expected that the spot market of butadiene rubber will mainly operate at a high level in the short term.