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Rubber prices continued to fall this week (3.26-3.30)

Zhangjiagang Sansu Machine Co.,Ltd | Updated: Apr 02, 2018

I. trend analysis.

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According to the data of the business community, the price of the rubber in the country was slightly lower this week (3.26-3.30). The initial price of the week was 12041 yuan/ton, and the weekend price was 11,750 yuan/ton, and the overall micro price decreased by 2.42%.

Ii. Market analysis.

Product aspect: this week (3.26-3.30) the factory price of the domestic shunding rubber petrochemical factory was reduced by 300 yuan/ton, and the price of qilu petrochemical shunding rubber was 11,800 yuan/ton;

In terms of the installation, the lande shunding device is parked to the end of march;

Qilu, maoming and dushanzi are running at full load.

The load of yanshan shunding device is 50%;

The load of daqing shunding device is 90%;

Sichuan shunding equipment load is 70%, and the supply of shunding rubber is relatively stable.

Industry chain: the price of raw material butadiene is slightly lower, and it has a slight weakness for the support mentality of shunding rubber.

According to the monitoring of business community, the price of butadiene was 10761 yuan/ton at the beginning of this week, and the weekend price was 10131 yuan/ton, and the overall price fell 5.86%.

In February, tyre exports continued to decline, and overall demand for rubber decreased slightly.

According to business news, in February 2018, China exported 33.45 million tires, up 25.9 percent year on year and 20.8 percent from the previous month.

Port inventories continue to be high, and as of March 19, the total amount of rubber stocks in the Qingdao bonded area was 24,420,000 tons.

Iii. Outlook of the city.

Business club, an analyst at Xu Xiaokun that affected by weak demand rubber inventories remain high, coupled with raw material butadiene support mentality is abate, the late, butadiene rubber prices will remain weak.