The price of rubber additives continued to decline during the week. At present, the market price of accelerator CBS in North China is around 21,500 rmb/ton, the market price of rubber antioxidant 6PPD in Jiangsu is around 27,000 rmb/ton, Richon feel main customers’ feedback is price down.

During the week, the price of benzenamine showed a downward trend. As of this Thursday, the price of Benzenamine in North China was 9400 rmb/ton. In terms of accelerators, the price of Benzenaminefell during the week, which was bad for the price of accelerators. At the same time, under the influence of the continued weak downstream demand for accelerators, the prices of mainstream accelerators continued to be low. During the week, under the influence of weak demand and stricter policy supervision, the accelerator enterprise installations continued to restrict production or the situation of parking. Some parking enterprises in Shandong and Henan regions restarted their installations, but still maintained production restrictions. During the week, the accelerators market transactions were still weak, and downstream procurement was relatively cautious. In terms of antioxidants, the prices of MIBK and benzenamine continued to decline during the week, which is negative for the prices of antioxidants. At the same time, under the influence of the continued weak downstream demand, antioxidants still show a mismatch of supply and demand, and the prices of 4020, 4010NA and other brands continue to maintain a narrow consolidation trend. During the week, the anti-aging agent enterprise installations in some areas were shut down for maintenance.

Market Forecast

Richon believe In the short term, the price of rubber additives may still be on the rise. On the one hand, the price of benzenamine, the raw material of additives, is still expected to rise, which is good for the price of rubber additives; on the other hand, downstream companies start or further increase their demand for rubber additives, thereby supporting the price of rubber additives.