Styrene butadiene rubber cancels anti-dumping measures and lowers the price of natural rubber

On September 8, the Ministry of Commerce announced the termination of anti-dumping measures against imported styrene butadiene rubber. Affected by this, the spot market of natural rubber in Shanghai has weakened as a whole, and the market quotation enthusiasm is not high. The quotation of state-owned all latex in Hainan and Yunnan is basically 12000 ~ 12100 yuan / ton. Previously, after Thailand formulated a 200000 ton natural rubber selling plan, the price of natural rubber in China continued to be depressed. In terms of synthetic rubber, in the Shanghai market, the prices of styrene butadiene rubber and butadiene rubber from domestic mainstream manufacturers are generally soft, and the trading situation is relatively cold.

At present, the structural shortage of butadiene in China has led to a sharp rise in the prices of styrene butadiene rubber and CIS polybutadiene synthetic rubber. The spot price of domestic all latex is cheaper than CIS polybutadiene rubber. This situation is very abnormal. After the Ministry of Commerce announced the termination of anti-dumping measures on imported styrene butadiene rubber, the import volume of styrene butadiene rubber and CIS butadiene rubber may increase greatly, the supporting effect of CIS butadiene and other synthetic rubber on all latex will disappear, and the price of natural rubber will also decline. Styrene butadiene rubber is mainly used in tire manufacturing. Previously, a large number of low-cost imported rubber damaged relevant domestic industries. Therefore, China began to levy a tax of up to 38% on imported styrene butadiene rubber in 2009.

Tianjiao has the attributes of both industrial products and agricultural products. Its supply side is subordinate to the attribute of agricultural products, and the price supply elasticity is very small, which means that the change of supply side will have a significant impact on its price. At present, the oversupply of natural rubber market is serious, and the inventory is hovering at an all-time high. Moving the supply curve to the right will naturally promote the continuous decline of prices. Domestic tire enterprises are facing another round of anti investigation from the United States, and their export prospects are worrying. Under such internal and external difficulties, the expectation of Tianjiao downstream consumer market is relatively bleak.

Source: steel house