Rubber market downturn is upward conduction. Synthetic rubber for more than two months, fell more than 20% of the upstream product butadiene prices also with the fall.
According to the business community on price monitoring, butadiene, from $ 1.48 million in early March / ton fell to 1.11 yuan / ton, down 25% in less than two months time. Butadiene price cut just experienced last year, this is tantamount to worse. Butadiene was previously highs from early last year to 27,100 yuan / ton, fell near the end of last year to 12,000 yuan / ton.
It is understood that the downstream products include butadiene styrene butadiene rubber, chloroprene rubber, butadiene rubber, synthetic rubber, synthetic rubber raw materials to the manufacture of tires.
The latest data from the China Automobile Association, in March of this year, car sales were completed 2,085,200 and 2,035,100, a record. In the first quarter of this year, car sales were 5,397,100 and 5,424,500, an increase of 12.8% and 13.2%, continued to show rapid growth.
However, the rebound in auto market boom of the good, or less than the impact of the recent commodity market crash.
Social business butadiene analyst Jiang Yajun Securities Times reporter, said the rubber market trend recently the impact of poor performance of the overall commodity market, several varieties of synthetic rubber prices fell sharply, and then to the upstream transmission, leading to butadiene prices in tandem with the fall.
Social business Rubber Sun Lin, an analyst said that as of April 15, the Qingdao Bonded rubber stock of 366,900 tons, an increase of 8300 tons as compared to March 29, of which 208,800 tons of natural rubber, synthetic and composite rubber 158,100 tons. The stock continued to increase, means that the rubber spot market demand is still weak.
However, the industry believes that the current relatively stable butadiene capacity. , Butadiene comes mainly from naphtha cracking when byproduct of ethylene, So To add butadiene production, unless there is a large ethylene plant put into operation, and must naphtha cracker. Have this ability only China Petroleum, petrochemical and other large-scale petrochemical enterprises, butadiene capacity is relatively stable.
In addition, it is being promoted shale gas and liquefied petroleum gas (LPG) ethylene cracking process, nearly half of the cost of less than the current naphtha law, but this new process will not byproduct butadiene.
Translated by Google Translator from http://market.cria.org.cn/25/14135.html
