Since July, the butadiene rubber market has slightly declined. According to the Commodity Market Analysis System of Shengyi Society, as of July 31, the butadiene rubber market price in East China was 15070 yuan/ton, a decrease of 1.57% from 15310 yuan/ton at the beginning of July. The price of raw material butadiene has dropped significantly, and the cost center of butadiene rubber has also decreased; Shunding rubber production continues to remain low; The downstream tire production has recently declined, and the procurement of butadiene rubber has been relatively light. As of July 31, the prices of butadiene rubber in Daqing, Qilu, Yangtze and other cities in East China were around 15000-15300 yuan/ton, and private butadiene rubber were around 14500-14900 yuan/ton.

Since July, the price of butadiene has significantly decreased, and the cost support for butadiene rubber has weakened. According to the Commodity Market Analysis System of Shengyi Society, as of July 31st, the price of butadiene was 12662 yuan/ton, a decrease of 7.57% from 13700 yuan/ton at the beginning of July.

The construction of butadiene rubber in July remains at a low level.

On the demand side: Since mid July, downstream tire production has been declining, and in the short term, there is a certain drag on demand in the butadiene rubber market. Downstream inquiries are relatively cautious. As of July 24th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The operating load of all steel tires in tire enterprises in Shandong region is about 5.4%.

Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene will significantly decrease, and the cost center of butadiene rubber will decrease; The production of butadiene rubber remains at a low level, and there is not much pressure on the market supply; Currently, downstream tire companies are experiencing a decline in production, which is unfavorable for the demand for butadiene rubber. Overall, the butadiene rubber market is expected to continue a weak and volatile trend in the short term.