Butadiene prices fell and support for cis-butadiene weakened

Petrochemical factory price: this week (9.
24-9.
28) The factory price of domestic cis-butadiene rubber petrochemical manufacturers is stable, and the current factory price of Daqing petrochemical cis-butadiene rubber is 14300 yuan / ton
.

In terms of equipment, it is understood that in addition to the petrochemical plants such as Yangzi Petrochemical, TSRC (Yube), Sichuan Petrochemical, and Dushanzi Petrochemical that were stopped in the early stage have begun to resume production one after another, Shunding plants such as Qi Xiang Tengda and Daqing Petrochemical have also been restarted recently, and the market supply is slightly looser
than in the previous period.

Rubber stocks: As of September 17, 2018, rubber stocks in Qingdao Free Trade Zone fell 3% from the end of August to more than 210,000 tons
.
Preliminary data show that the inventory of mainstream varieties of natural rubber and synthetic rubber has decreased
.

In terms of raw materials: the price of raw material butadiene fell slightly this week, 12108 yuan / ton at the beginning of the week, 11786 yuan / ton at the weekend, down 2.
66%
overall.

Outlook for the future market: on the one hand, the slight decline in port inventories is favorable for synthetic rubber; On the other hand, the gradual resumption of production of the plant, coupled with the decline in the price of raw butadiene, weakened the support for cis-butadiene rubber
.
On the whole, it is expected that the price of cis-butadiene rubber will be weak and volatile in the short term
.