In November, the market of polybutadiene rubber fell first and then stabilized. According to the data monitoring of the business community, the price of cis polybutadiene rubber was 11420 yuan/ton as of November 25, down 3.79% from 11870 yuan/ton at the beginning of the month. At the beginning of the month, affected by the downturn in demand and the sharp drop in raw materials, the factory price of two barrels of oil cis polybutadiene rubber fell continuously. The market price of cis polybutadiene rubber fell 4.55% within four days. After the price of cis-1,4-polybutadiene rubber fell sharply, the downstream inquiries increased, and the overall market was stable.

Supply side: the commencement of cis-1,4-polybutadiene rubber in November decreased slightly compared with that in October, and the pressure on the supply side eased slightly.

On the cost side: butadiene prices fell sharply in November, while cis-1,4-polybutadiene rubber costs fell. According to the monitoring of the business community, as of November 25, the price of butadiene was 6763 yuan/ton, down 11.05% from 7603 yuan/ton at the beginning of the month.

In November, the natural rubber market fluctuated upward, and the support for cis-1,4-polybutadiene rubber increased. As of November 25, the price was 12016 yuan/ton, up 4.22% from 11530 yuan/ton at the beginning of the month.

Demand side: The commencement of tires in major downstream consumer industries in November was slightly lower than that in October. According to the business community, the commencement of all steel tires in Shandong in the middle of November was around 5.0%, and the commencement of semi steel tires was 5.9% (the commencement load in the middle of October was 5.2% and 6.5% respectively), which had weak support for styrene butadiene rubber.

Future market forecast: The analysts of the business community believe that although the supply side pressure of cis-1,4-polybutadiene rubber eased slightly in November, the plans of Hopu and Jinzhou were restarted in the later period. In addition, Shandong Yihua has produced high-quality products, the supply side pressure of cis-1,4-polybutadiene rubber will increase again in the later period. The cost side is low and the consolidation support is weak. If the demand side does not improve in the future, cis-1,4-polybutadiene rubber will continue to operate weakly in December.