utadiene prices plummeted in March to become a focus of attention in the chemicals market. On March 28, the outer disk (CFR Northeast Asia) butadiene spot prices down to 1470 dollars (t price, the same below), a decrease of $ 630 compared to March 1; manufacturers of domestic Sinopec and PetroChina have also dropped substantially succinic The ene offer. March 31, the East China market butadiene price was 11,000 yuan, down 3,700 yuan compared with the February 28. Internal and external disk prices plunged 25% synchronization. Judging from the current situation, we can say Asia butadiene close to the reserve price, however, domestic butadiene adequate supply of natural rubber stock high, there is still room for further decline in downstream synthetic rubber demand is not the reality means butadiene price dangerous.
March continued bad news for international and domestic macro level.International U.S. political parties at the last minute, unable to “deficit reduction” reached the the delay execution or alternative, and causing spending cuts planned forced to start; the Cyprus events cause the parties sustained attention. Domestic-than-expected real estate control policies introduced early March; March, China’s car production and sales in February year-on-year decrease of 16.25% and 13.56%, respectively, tire production in February fell 2.7% from a year earlier; February CPI accidents go higher and more The kinds of factors intertwined resulting in March of bulk chemical commodity risk aversion bearish atmosphere, natural rubber futures plunged again and again. March domestic synthetic rubber all the way down, the domestic synthetic rubber manufacturer Arima Rubber Company, Yanshan Petrochemical, Shandong Chinachem and blessing Oak chemical company, not a shutdown is a significant reduction in the rate of plant load, average load factor at 50 percent.
The data from the 2013 Chinese rubber at the annual meeting held on March 25 in Qingdao are also of concern: the double-digit growth in the past 20 years of China’s rubber industry came to an end. The output of major products, sales income, single-digit export growth in 2012. The tire companies started generally inadequate, the average increase in cost of sales of the tire, two out of raw materials, products, dependence on huge problems with the development of the industry as a whole, plus the end of last year, Europe and the United States began to implement the tire labeling law limits the export of the domestic tire industry, The tire industry limited increase in demand for synthetic rubber.
Translated by Google Translator from http://market.cria.org.cn/25/13782.html
