Morning tips for polybutadiene rubber market on May 17

  According to the monitoring of SunSirs, the main contract of Brent crude oil closed at $114.03/barrel overnight; The main contract of WTI crude oil closed at US $113.87/barrel. Recently, the price of raw butadiene has remained basically stable. According to the monitoring of business society, the price of butadiene was 9586 RMB/ton as of May 16. This week, the ex factory price of CIS polybutadiene rubber of PetroChina and Sinopec sales companies was stable. Driven by the rising atmosphere of international crude oil, the market bullish atmosphere was strengthened, and the offers of some traders were slightly increased. As of the 16th, the offer of CIS polybutadiene rubber in Qilu, Daqing, Qixiang, Sichuan and Zhenhua in East China was 13100 ~ 13800 RMB/ton.

  On the one hand, the supply side of polybutadiene rubber increased slightly compared with the previous period, on the other hand, the demand side continued to be weak. The supply and demand of cis-polybutadiene rubber has a negative impact, but the international energy market is rising, and the market bullish expectation is enhanced. It is expected that the cis-polybutadiene rubber market may stop falling and rise in the later stage.