In 2011, the members of the synthetic rubber family were in the limelight. They repeatedly topped the ranks of chemical products, ethylene propylene rubber, and isoprene rubber. They stood at a high price of 40,000 yuan (t price, the same below), styrene butadiene rubber, Nitrile rubber also performed well, rising nearly 6,000 yuan from the beginning of the year, or around 30%. However, experts said that the current price of synthetic rubber has been at a high level and the price bubble component is increasing.
At present, the supporting factors of synthetic rubber market are:
Raw material prices are high. In March, the international crude oil price rose steadily, driving up the price of synthetic rubber raw materials. Butadiene factory prices rose in a narrow range, although the downstream operating rate gradually increased, but Sinopec's mutual supply model has caused the supply of goods on the market has been relatively tight, the domestic downstream market of butadiene does not show resistance to butadiene high prices. Moreover, downstream demand continues to increase, and Sinopec South China, East China and Other companies have raised prices. The number of spot traders in the hands of the traders is relatively moderate, there is an active intention to cover short positions, Sinopec internal mutual supply quantity is tight, the supply of inflows to the market is still in short supply, and the external disk price increase trend has not changed, the above factors will support the butadiene prices continue to rise, the synthetic rubber related products Quotes form a support.
In terms of styrene, the Asian market continues to rise, repeatedly refreshing the highest price. The importer’s home ownership costs are high and at the same time they are bullish on the mid- and long-term markets and have also pushed up prices in the international market. At present, the domestic styrene market is constrained by the low demand for high inventory, making it difficult for holders to chase up the international market. However, with many domestic and foreign devices entering the maintenance period, and the gradual start of the downstream factories to return to normal, inventory pressure will be slowed, the domestic styrene market will appear a round of gains.
Pull downstream demand. According to the latest data released by the Automobile Industry Association, from January to February, the production and sales of automobiles reached 3.068 million and 3.1554 million vehicles respectively, an increase of 8.75% and 9.71% year-on-year, respectively, and the growth rate dropped to below 10%. Experts believe that the overall growth in automobile production and sales has declined and the consumption policy has been withdrawn, and the government has introduced policies that are characterized by “restricted purchasesâ€. Beijing, Guangzhou, Shenzhen and other cities have started to deal with blockages. However, China has entered the automobile society, and its rigid demand and consumption potential are relatively large. Despite the tightening of policies, the demand for the Chinese auto market remains strong and this year it will maintain steady growth. It is expected that car performance will be better than expected in the first quarter and support synthetic rubber on the demand side.
Individual rubber species are scarce. Ethylene-propylene rubber has reached new heights of up to 45,000 yuan. The fundamental reason is the shortage of supply. Under the influence of the imbalance between supply and demand, market participants are optimistic about their attitudes, actively make up their positions, and have more inquiries. In addition, the supply of foreign goods has shrunk in the past two months, and few new stocks have been replenished. With the gradual depletion of early inventories, the attitude of reluctant sellers in sales has become more pronounced. NBR foreign suppliers have also adopted price increases to limit the prices of the nitrile market. China's only isoprene rubber manufacturer Maoming Luhua current inventory is low, while the foreign offer prices continue to rise, so that the market price of isoprene rubber goes all the way higher, currently at 42,000 to 43,000 yuan.
However, the impact of negative factors on the synthetic rubber market can not be ignored, such as, the recent natural rubber prices plummeted, synthetic rubber in the natural rubber prices decline, the domestic demand has not significantly increased the impact of increasing pressure; due to the early market growth Too fast, the price bubble continues to increase, the attitude of practitioners is cautious, and the market outlook is mostly wait-and-see; the price of synthetic rubber is running high, increasing the cost of downstream rubber products companies, leading to a decrease in production by some small manufacturers and suppressing market demand; the central bank will raise interest rates and the state will stop reducing Taxation and other policies on automobile purchases have increased the mood of synthetic rubber. At present, the favorable negative factors are difficult to distinguish between the upper and lower levels. In the absence of a clear direction for the market, the overall market for synthetic rubber will remain concussive and consolidate.
Steel Flange,Stainless Steel Flanges,Slip on Flanges
Piston Valves,Diaphragm Valves Co., Ltd. , http://www.nb-valves.com