In July, the synthetic rubber market shock downward trend, mainly species such as styrene-butadiene rubber, butadiene rubber were the decline continued. Insiders said that, due to lack of market demand, coupled with lower factory operating rate, the possibility of dropping the recent market weakness is still large, but later as the plant maintenance shutdown, output has been reduced, the market is expected to rebound gradually stabilized.
SBR five times lower prices
July domestic SBR market trends shock downstream. According to monitoring data, the business community, the beginning of July the average price of domestic distribution SBR 1502 10785.71 yuan / ton, the end of 9585.71 yuan / ton, down 11.13 percent over the beginning; the beginning of 1712 the average price of 10311.11.00 yuan / ton, the end of 9566.67 yuan / ton, down 7.22%. It is reported that July sales within five SBR for the price cut from 11,000 yuan / ton down to 9650 yuan / ton (with Sinopec North China as an example), a decrease of 12.27%. Zhuo record information analysts 陈智慧 International Business Daily in an interview with reporters, said, This time the main reason for the price drop, one by the Greek debt crisis, the Chinese stock market losses and increased drag on the dollar, the international oil prices continue to decline; Second, Early butadiene due to foreign equipment maintenance, Huojin very, prices have rebounded, however, to resume production by the unit, have tender supply and downstream synthetic rubber plant shut down for maintenance and other more influence, butadiene prices all the way down; the third is natural Rubber futures plummeted, dragging down stock market has shrunk dramatically, is not conducive to hold stocks SBR Trader boost confidence; Fourth terminal due to the high stock of finished products enterprises, loans to poor capacity utilization rate fell, and in not to buy or under the influence of market sentiment, more cautious wait and see attitude, serious lower prices, because just to be more sporadic small single purchase; five industry manipulator slightly pessimistic attitude, some holding the goods taking into account their own pressure on the stock, none more than the continuation Shipping rhythm, coupled with some supply-side policies have batch, the market impact of low-cost supply.
Analysts believe that in August SBR market may still fall, but the decline has slowed, the price may be temporarily stabilized.
Butadiene rubber trading flat
July domestic butadiene rubber market prices fell sharply, fell more than 10%. According to monitoring data, the business community, early July domestic production of butadiene rubber BR9000 average price of 11053.33 yuan / ton, the end of 9886.67 yuan / ton, a decrease of 10.55%; butadiene rubber BR9000 distribution average price of 11120.00 yuan / ton, the end of 9700.00 yuan / ton, down 12.77% over the beginning. Zhuo record information analysts Meng Xiangqian that resulted butadiene rubber is mainly due to lower prices: the average price decline in raw material butadiene 7.27%, butadiene rubber costs less support efforts; continued decline in natural rubber, butadiene trader providers to enter the market mentality were suppressed; the operating rate lower end of the tire, so butadiene shrinking demand for raw materials, market shipments resistance amplification; sales of butadiene for the price continue to drop, the market offer with the fall, end users do not buy or market trading sentiment continued to not pick up. In the constant attacks of negative factors, the user billing plan carefully, brokers no market will, circulation sluggish stock market, highlighting the market stalemate.
For the latter trend, analysts said Meng Xiangqian, natural rubber is expected in August continued the trend of low volatility. Mengxiang Qian said that as Daqing butadiene plant load lifting, transfer of butadiene mid-August to resume production, the source of butadiene increased shelf, but the terminal tire companies are in the traditional sales season, the operating rate is expected to fall further, which along Ding sales impact is limited. From the perspective of supply and demand, butadiene weak market trend, coupled with raw materials and related products, and no positive support, it is expected in August butadiene market decline will continue, we have stabilized after falling.
