This week's cis-butadiene rubber market trend analysis (3.14-3.18)

Sinopec and PetroChina continued to raise ex-factory prices this week, followed by a slight increase in dealer quotations this week
.
Domestic shunding prices, which began to decline in November 2015, entered 2016 to continue weak consolidation, began to rise at the end of February, this week the factory price continued to rise, distribution prices also increased
.

According to monitoring, many enterprises gradually resumed normal business, and quotations closely followed the fluctuation of production prices; Shunding prices continued to rise this week, but due to the failure to improve downstream demand and limited market transactions, dealers held a wait-and-see
attitude.
At present, the price of cis-butine is weak to rise for many reasons, the international crude oil price this week volatility upward, although weak and difficult to change, but the quotation maintained at about 38 US dollars, February cis-butadiene raw material butadiene appeared "crazy growth", driving the downstream cis-ding price up, this week continued to rise; A new round of downstream tires was proposed at the end of 2015, downstream demand is difficult to increase, although the price of cis-ding has been adjusted to a certain extent, but the price of insufficient rear power has gradually stabilized
.

At present, the entire rubber market is showing a downturn with limited transactions, although the price has been raised, but the downstream demand is weak, and the entire market has not improved
.
At present, Sinopec Qilu Shunding reported 9900 yuan / ton, and PetroChina Daqing Shunding Jiao reported 9900 yuan / ton
.
At present, CNPC and Petrochemical quotations are rising, but due to insufficient stamina, the overall market atmosphere is weak and difficult to change, and the price increase may rise for a short time, the market pressure is greater, and the merchants reflect that the trading volume has not improved significantly, and the transaction is slow
.

Although the price of shundin continued to rise this week, the magnitude slowed down significantly, and the lack of after-strength appeared, which may only rise for a short time, and the price fell in a short period of time due to the influence of the downstream
.
In the case of unchanged downstream demand, it is expected that in a short period of time, if there is no obvious favorable stimulus, the market price of cis-butadiene rubber will gradually stabilize, and may fall back to the price
before this increase.