SunSirs: The Cost Drives the Rise of Synthetic Rubber in July

　　According to the data monitoring of SunSirs, the domestic synthetic rubber price rose and fell in July. The price of CIS polybutadiene rubber BR9000 was 12,310 RMB/ ton at the beginning of the month, then rose to the monthly highest point of 14,690 RMB/ ton, and fell to 14,080 RMB/ ton at the end of the month, with an overall increase of 14.38%; At the beginning of July, the price of emulsion polybutylene 1502 was 12,616 RMB/ ton, and then rose to the monthly highest point of 14,258 RMB/ ton. At the end of the month, the price dropped to 13,566 RMB/ ton, an overall increase of 7.53%.

　　In July, the domestic synthetic rubber market rose and fell, and the ex-factory price of synthetic rubber rose first and then fell. According to the monitoring of business society, as of July 30, the ex warehouse pricing of Daqing Shunding of CNPC Northeast sales company was 13,900 RMB/ ton, and Jihua/ Fushun 1502 reported 13,200 RMB/ ton; The middle and lower reaches have some resistance to high priced rubber, and the merchants mainly offer high prices and drop shipments. According to SunSirs, the mainstream prices in Shunding markets such as Daqing, Qilu, Yanshan, Sichuan and Qixiang are around 13,900 – 14,300 RMB/ ton; Jihua, Fushun, Yangzi and Qilu emulsion polybutylbenzene 1502 mainstream report 13,000–13,700 RMB/ ton.

　　In July, the price of natural rubber rebounded slightly near 13,000 RMB/ ton, and it is still bad for synthetic rubber in the short term. According to the monitoring of SunSirs, as of July 30, the price of domestic natural rubber was 13,107 RMB/ ton, up 5.96% from 12,370 RMB/ ton at the beginning of the month.

　　SunSirs analysts believe that the low price of natural rubber is still bad for cis-butylbenzene, but BR and SBR have plant maintenance plans in the later stage. In addition, the supply of raw butadiene is tight and the price is high. It is expected that BR and SBR will fluctuate widely in the later stage in China.