I. Trend analysis
According to the data monitoring of business associations, this week (6.10-6.14) domestic cis-butadiene rubber prices fell slightly, at the beginning of the week, the price was 11550 yuan/ton, and at the end of the week, the price was 11487 yuan/ton, the overall decline was 0.54%.
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II. Market Analysis
Petrochemical ex-factory price: This week (6.10-6.14), the ex-factory price of domestic cis-butadiene rubber petrochemical plants was reduced by 200 yuan/ton, and as of June 14, the ex-factory price of cis-butadiene rubber in Daqing Petrochemical Company was 11,500 yuan/ton.
Rubber import and export: In May 2019, China imported 507,000 tons of natural and synthetic rubber, a decrease of 8.98% in ring ratio, and 263.5 tons in January-May. Compared with the same period last year, it decreased by 3.5%.
Raw materials: raw material butadiene prices fell slightly this week, the cost of cis-butadiene rubber prices formed a negative. Butadiene dropped 2.33% at 8,590 yuan/ton at the beginning of the week and 8,390 yuan/ton at the end of the week, according to the business association.
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Demand: According to the statistics bureau, the output of domestic rubber tyres in April 2019 was 73.758 million, down 0.8% from the same period last year; the output of domestic rubber tyres in January-April was 26.633 million, down 3.6% from the same period last year.
3. Prospects for the Future Market
Xu Xiaokun, an analyst with business associations, believes that at present, on the one hand, the price of upstream butadiene has fallen, which has a negative effect on the price of synthetic rubber, on the other hand, the downstream market of rubber has continued to be weak, which has created a negative atmosphere for cis-butadiene rubber as a whole. In the later period, the market of cis-butadiene rubber will remain weak and volatile.
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