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SunSirs: China BR Market Price Fell on September 8
September 09 2021 16:21:46SunSirs(Selena)

Trade name: BR9000

Latest price (August 10): 13,760 RMB/ ton

According to the monitoring of business society, as of September 8, the domestic price of BR was 13,760 RMB/ ton, down 0.86% from the previous day; On August 8, the main suppliers of synthetic rubber lowered the BR price by 300-400 RMB/ ton; The price of butadiene rubber of CNPC Northeast sales company was reduced by 300 RMB/ ton, the factory of Daqing and Jinzhou BR was 13,400 RMB/ ton, and the price of northeast warehouse was increased. Due to the recent sharp decline in raw butadiene and the reduction in the price of BR suppliers, there are many market traders waiting and waiting temporarily, and some traders have reduced the quotation of BR, ranging from 50 to 400 RMB/ ton.

Future forecast: the decline in the price of raw butadiene in the natural rubber period and the reduction in the supply price of BR will cause multiple negative blows to the BR market. It is expected that China BR market will be weak in the near future.

 

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