The market price of butadiene rubber in November fluctuated and fell. According to the commodity market analysis system of Shengyi Society, as of November 28th, the market price of butadiene rubber in East China was 10680 yuan/ton, a decrease of 4.22% from 11150 yuan/ton at the beginning of the month.

Since November, the inventory of butadiene has remained high, coupled with the low volatility of international crude oil, the price of raw material butadiene has weakened and fallen, and the cost center of butadiene rubber has shifted downwards; In addition, the overall production of butadiene rubber in November fluctuated slightly around 70%; Downstream tires mainly require rigid support for butadiene rubber. Under the comprehensive influence, the price of butadiene rubber fluctuated and fell in November. As of November 28th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 10600-10800 yuan/ton.
In November, the price of butadiene fluctuated weakly and fell, dragging down the market for butadiene rubber on the cost side. According to the Commodity Market Analysis System of Shengyi Society, as of November 28th, the price of butadiene was 7016 yuan/ton, a decrease of 6.65% from 7516 yuan/ton at the beginning of the month.
The production of butadiene rubber in November fluctuated slightly, with an overall rate of around 70%.
Demand side: In November, the downstream semi steel tire production was stable in the early stage and slightly decreased in the later stage, providing strong support for the demand in the butadiene rubber market. As of November 22, the construction of semi steel tires by domestic tire companies has started at around 7.0%; The construction of all steel tires by tire enterprises in Shandong region is around 6.20%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the abundant supply of raw material butadiene is mainly due to weak market conditions, with slight fluctuations in downstream tire production. Overall, it is expected that butadiene rubber will experience weak fluctuations in the later period.