Recently (1.17-1.23), the market price of butadiene rubber has slightly increased. According to the commodity market analysis system of Shengyi Society, as of January 23, the market price of Shunding rubber in East China was 15000 yuan/ton, an increase of 0.81% from 14880 yuan/ton on January 17. The price of raw material butadiene continues to rise, and the cost support of butadiene rubber is strong; The production of butadiene rubber has slightly decreased, and the pressure on the supply side has decreased; As the Spring Festival approaches, downstream stocking is gradually weakening and market transactions are flat. Recently, the supply prices of Shunding rubber suppliers have increased, and the quotes from merchants have also risen. As of January 23, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangtze in East China are 14800~15150 yuan/ton.

Recently (1.17-1.23), the price of butadiene has continued to rise, and the cost center of butadiene rubber has slightly shifted upward. According to the Commodity Market Analysis System of Shengyi Society, as of January 23, the price of butadiene was 12662 yuan/ton, an increase of 1.60% from 12462 yuan/ton on January 17.

Recently (1.17-1.23), the construction of domestic butadiene rubber plants has slightly decreased, with overall construction around 6.6%.

Demand side: As the Spring Festival holiday approaches, downstream businesses are gradually taking a break, and the stock of Shunding rubber is gradually decreasing, resulting in sluggish market transactions.

Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene will continue to rise, and the cost of butadiene rubber will continue to be strongly supported; Recently, as the Spring Festival approaches, market transactions have gradually weakened; Shunding rubber production slightly decreased to around 6.60%, with slightly reduced supply pressure. Overall, with the support of high costs and supply, the Shunding rubber market mainly stabilized at a high level before the holiday.