After the accelerated decline at the beginning of the month, the butadiene rubber market rose slightly this week (11.4-11.11). According to the monitoring of the business community, as of November 11, the price of cis-1,4-polybutadiene rubber in China was 11400 yuan/ton, up 0.62% from 11330 yuan/ton last Friday. The ex factory price of cis polybutadiene rubber for two barrels of oil was temporarily stable this week. According to the monitoring of the business community, as of November 11, the ex factory price of cis polybutadiene rubber of PetroChina Northeast Sales Company was 11200 yuan/ton. Although the downstream commencement continued to decline, with the price of Shunding reaching a new low, the downstream inquiries increased, and the business offer was slightly adjusted. As of November 11, the market offer of Shunding Rubber was 11200~11750 yuan/ton, while the private Shunding mainstream offer was 10700~11300 yuan/ton.

In the near future, Haopu 60000 t/a and Lande 30000 t/a cis-1,4-polybutadiene rubber plants will be shut down for maintenance. However, in the later stage, the production pressure of new units such as Zhejiang Petrochemical is still large, and the supply of cis polybutadiene rubber will continue to be loose.

This week (11.4-11.11), the raw butadiene market fell sharply, dragging down the butadiene rubber market. According to the monitoring of the business community, as of November 11, the price of butadiene was 6603 yuan/ton, down 7.60% from 7145 yuan/ton last Friday.

The natural rubber market rose slightly this week (11.4-11.11), which has weak support for cis-1,4-polybutadiene rubber. According to the monitoring of the business community, as of November 11, the price of natural rubber was 11800 yuan/ton, up 1.64% from 11610 yuan/ton last Friday.

The demand side is still weak. The commencement of downstream tire enterprises in November continued to decline, and the demand side is not supported by cis-1,4-polybutadiene rubber. According to the business agency, the construction of semi steel tires in Shandong is less than 60%, and that of full steel tires is around 50%.

Future market forecast: according to the analysts of the business association, the supply pressure of cis polybutadiene rubber is still present, the cost is down, and the demand is light. It is expected that cis polybutadiene rubber will fall again in the later period.