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In July, synthetic rubber experienced a price rebound
in late June and early July after experiencing a decline since the first quarter.
Overall, the synthetic rubber market showed signs
of weakness in July.
The factors affecting the trend of synthetic rubber in July are as follows: First, after several months of sharp decline, manufacturers and traders have rebound demand in mentality, so petrochemical manufacturers tentatively raised the price of
synthetic rubber in July.
In early July, PetroChina and Sinopec raised the prices of cis-butadiene rubber and styrene-butadiene rubber by 400~500 yuan / ton, and some traders took the opportunity to rise
sharply.
Secondly, at the beginning of the month, downstream tire manufacturers' demand for replenishment has rebounded, stimulating the willingness of synthetic rubber companies to increase prices, but due to the unclear market prospects, tire manufacturers are unwilling to purchase a large number of orders, and the transaction is mainly small, and the demand is weak in the face of synthetic rubber prices
.
Finally, rubber inventories have decreased slightly, but the base is still large, which is not conducive to a sharp increase
in synthetic rubber prices.
On the whole, the overall situation of the current industrial chain is not optimistic, it is difficult to have a weak to strong situation in July, and it is expected that synthetic rubber will still decline slightly in late July
.
