Ethylene propylene rubber market is difficult to break through
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As the import-oriented ethylene propylene rubber market, due to the lack of sufficient domestic production and supply capacity, for a long time the market conditions need to look at the "face" of foreign companies, and the midstream and downstream companies do not have enough right to speak.
At present, China's ethylene propylene rubber market is tight, as one of the major import suppliers, Dow Chemical, due to shut down equipment production capacity decreased by nearly half, reducing the supply of products to China, at the same time under the double support of cost and supply scarcity, The market prices of its products continue to show signs of rising, and some traders have already offered 30,000 yuan (t price, the same below) high quotation for the outside market; Ethylene-propylene rubber of different varieties of companies such as Exxon of the US, Kumho of South Korea, and DSM of the Netherlands. In the tight supply situation, Mitsui Corporation of Japan transferred the market to Southeast Asia and restricted the supply of EPDM rubber to China. The prices in foreign markets are firm, and manufacturers such as Kumho in South Korea are also willing to raise prices, both of which are factors driving the rise in ethylene propylene rubber prices.
In the domestic market, Kyrgyzstan ethylene propylene rubber equipment has not yet been driven, and the supply of goods in the market has been tightened. The quotation of traders for Kyrgyzstan-propylene-propylene-propylene rubber has remained stable. The reference price of 4045 in the market is between 27,500 and 28,000 yuan, and the supply of 2070 market is low. , Merchants offer less, downstream users access to goods is relatively slow. East China market merchants to stimulate shipments, market prices have slight signs of downward adjustment, the current Mitsui Ethylene rubber 3062E, 3090E market price between 26,500 yuan, the actual transaction price is lower, due to the supplier of 4045 grade restrictions on the supply, resulting in Some merchants are out of stock. At present, there is no market for prices of ethylene propylene rubber, and transactions tend to be flat.
At the same time, ethylene and propylene prices are in a downward trend. The related products, styrene butadiene rubber and butadiene butadiene rubber, are not optimistic about the trend of the market, and they have suppressed the mentality of the industry. Downstream companies have resisted the high prices and the prices continue to rise and are blocked, and some brands have low prices. Inventories are more abundant, and the market holds stocks to clear stocks. The possibility of a slight downturn in prices may occur. In the coming off-season, the operating rate of the sealing strip manufacturers in the lower reaches of Qinghe River in Hebei will be drastically reduced, and the procurement of ethylene-propylene-butadiene rubber will turn into a downturn; recently, the automobile industry In the downturn, the production and sales of automobiles in China continued to decline in May, with 1,131,700 vehicles completed and 14.36% lower than in the previous period. Sales volume was 1,194,700 units, a decrease of 13.95% compared with the previous period, resulting in a decrease in the use of ethylene-propylene rubber.
At present, the strong external disk prices, the shortage of domestic sources of supply and the weakness of downstream purchases have created a tug of war in the ethylene propylene rubber market, and market transactions have stagnated. In the event that the impact of long- and short-term impact is relatively strong, the ethylene propylene rubber market has limited room for shocks. It is expected that the ethylene propylene rubber market will continue to maintain a weak trend in the short term.