This week (3.13~3.20), the market of cis-1,4-polybutadiene rubber was weak and the price fell. According to the monitoring of Business News Agency, as of March 20, the domestic price of cis-1,4-polybutadiene rubber was 11470 yuan/ton, down 2.96% from 11820 yuan/ton last Monday. The price of butadiene as a raw material decreased, and the cost support for cis-1,4-polybutadiene rubber weakened; During the cycle, the factory price of cis-1,4-polybutadiene rubber, a supplier of cis-1,4-polybutadiene rubber, was reduced by 300 yuan/ton, resulting in a slight decrease in merchant offers. According to the monitoring by the Business News Agency, as of March 20, the factory price of cis-1,4-polybutadiene rubber of Sinopec North China Sales Company was reported at 11100 yuan/ton. As of the 20th, the mainstream reports of Qilu, Yanshan, Yangzi, Dushanzi, Sichuan and other cis-1,4-polybutadiene rubber markets were 11250-11600 yuan/ton, while the mainstream reports of private cis-1,4-polybutadiene rubber markets were 11100-11200 yuan/ton.

This week (3.13~3.20), the price of raw butadiene fell, and the cost support for cis-1,4-polybutadiene rubber weakened. According to the monitoring of Business News Agency, as of March 20, the price of butadiene was at 8691 yuan/ton, down 5.18% from 9166 yuan/ton last Monday.

The natural rubber market fell during the week (3.13~3.20), which had a negative impact on cis-1,4-polybutadiene rubber. According to the monitoring of Business News Agency, as of March 20, the price of natural rubber was 11340 yuan/ton, down 2.49% from 11630 yuan/ton at the beginning of the month.

This week (3.13~3.20), downstream tire starts fluctuated slightly, and due to the continuous decline in the price of natural rubber, the purchase of cis-1,4-polybutadiene rubber was not positive. It is understood that by the middle of March 2023, the starting load of all steel tires for rubber tire enterprises in Shandong Province was 6.8%; The starting load of semi steel tires in domestic rubber tire enterprises is 7.3%.

Future Market Forecast: Business Agency analysts believe that the current supply of cis-1,4-polybutadiene rubber fluctuates slightly, with the coexistence of enterprise maintenance and restart plans in the later stage; Downstream construction is basically stable compared to the early stage, and due to the low price of natural rubber, the procurement of cis-1,4-polybutadiene rubber is not good. It is expected that cis-1,4-polybutadiene rubber will consolidate in a weak position in the short term.