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Wednesday, March 29, 2023

The increase in synthetic rubber stocks during the holiday period may bottom out and rebound

After the holiday, synthetic rubber prices were basically stable. The transaction was light. According to the monitoring of the business agency, the ex-factory price of Qilu Shunding of Sinopec North China Sales Branch is 11,100 yuan / ton; the ex-factory price of Qiluding Benzene 1502 of Sinopec North China Sales Branch is 11,100 yuan / ton.

At present, the start of domestic synthetic rubber companies has not changed much compared with the pre-holiday period. According to the understanding of the business agency, the overall operating rate of domestic butadiene rubber is currently around 70%. Among them, the operating rate of PetroChina and Sinopec is around 70% to 80%; the installation of private enterprises is 50% to 60%.

However, affected by the Spring Festival holiday and the new crown virus epidemic, on the one hand, the holiday sales were light, and on the other hand, the transportation was limited. At present, the rubber compound market is mainly light, and the inventory has increased compared with that before the holiday. According to statistics, as of the end of January 2020, the inventory of the butadiene and styrene-butadiene rubber factories increased by more than 10% from the previous quarter; the inventory of traders also increased by 1-3% from the previous quarter.

Market forecast: At present, with the announcement of postponement of some provinces and cities, the domestic rubber tire industry chain will continue to be light, but in the medium term, as the holidays end and the epidemic is gradually controlled or even eliminated, The domestic synthetic rubber industry chain is expected to bottom out later.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/52840.html

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