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SunSirs: China BR Price Rose on January 18
January 19 2021 10:30:33SunSirs(Selena)

Commodity name: BR9000

Latest price (January 18): 11,420.00 RMB/ ton

According to the monitoring of SunSirs, China domestic BR price was 11,420.00 RMB/ ton on January 18, up 3.16% from the previous day. On one hand, the price of natural rubber is at a high level, which drives the bullish atmosphere of synthetic rubber; on the other hand, the rubber plant of Yangzi Petrochemical Company stopped unexpectedly last week due to some reasons, and the supply side is expected to be tight. Although the price of raw material butadiene has dropped to 6,523 RMB/ ton, the overall bullish factors dominate. In addition, BR price increased 500 RMB/ ton by petrochemicals on January 15, which made the market price going up. According to SunSirs, as of January 18, the ex-factory price of Daqing Shunding of PetroChina Northeast sales branch was 11,400 RMB/ ton.

Market forecast: low price of raw materials, tight supply. It is expected that price rise of China BR will slow down in the future.

 

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