2017-2018 Impact of butyl rubber crushing and recycling on the market

2017-2018 Impact of butyl rubber crushing and recycling on the market

In 2017, the butyl rubber market competition was unprecedentedly fierce, and the two major manufacturers of Jingbo Petrochemical and Ningbo Formosa Plastics increased the production of butyl rubber, and now the market has become a top five competition. In 2017, the market price has seen a long-lost sharp rise, and in the first quarter, the market price of butyl rubber rose strongly, reaching a new high in the past three years. The sharp rise in prices has also led to a significant increase in manufacturers' profits.

However, the demand for terminals has not increased significantly, and some terminal manufacturers have been affected by strict environmental protection inspections, and the demand has weakened. The market supply and demand continued to be weak, and after the first quarter, the market price of butyl rubber opened a road of shock and decline.

What will the market look like in the future? The development of tires towards tubelessness and the emergence of shared bicycles are constantly reducing the demand for ordinary butyl rubber. Because the quality of domestic goods can not meet the needs of downstream manufacturers, China's current external dependence on ordinary butyl rubber is about 50%, halogenated butyl rubber external dependence is about 70%, China's butyl rubber foreign dependence has been high in the field of plastic applications.

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