Trade name: br 9000

Latest price (October 21): 10010.00 yuan / ton

Key points of analysis: according to the monitoring of the business agency, the price of BR 9000 in China was 10010.00 yuan / ton on the 21st, up 2.04% compared with the previous day. On the one hand, the price of raw material butadiene remained high, with strong support from the cost side. According to the business association, as of October 20, the price of butadiene was 7351 yuan / ton. On the other hand, the production of downstream tires and automobiles increased compared with the previous period, and the demand side was supported. According to the business agency, in September 2020, the domestic output of rubber tire outer tire was 81.561 million, with a year-on-year increase of 15.4%. In addition, recently, petrochemical manufacturers have substantially increased their factory prices, and traders’ offers have risen. According to the monitoring of the business agency, the ex factory price of cis-1,4-polybutadiene rubber of PetroChina and Sinopec increased by 400 yuan / ton on Monday and 500 yuan / ton today to stimulate the bullish atmosphere in the market. According to monitoring, as of the 21st, the ex factory price of Daqing Shunding in Northeast China was 10300 yuan / ton.

Aftermarket forecast: the price of raw materials will go up sharply, and the downstream demand will be supported rigidly. It is expected that the price of CIS polybutadiene rubber will continue to rise in the future.