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SunSirs: China BR Market Fell Last week (October 25-29)
November 01 2021 14:58:04SunSirs(Selena)

According to the data monitoring of SunSirs, the domestic BR market fell last week (10.25-10.29). As of October 26, the price of BR in China was 14,820 RMB/ ton, down 2.88% from 15,260 RMB/ ton at the beginning of the week.

Last week, the international crude oil price rose and fell, and the cost was short-term bad in the face of the domestic chemical market. The ex-factory price of BR of domestic enterprises stabilized. According to the monitoring of SunSirs, as of October 29, the ex-warehouse price of Daqing Shunding of CNPC Northeast sales company was 14,700 RMB/ ton; The market offer has gradually dropped. According to SunSirs, the mainstream price in BR market such as Daqing, Qilu, Yanshan and Sichuan was around 14,400-15,000 RMB/ ton.

Raw butadiene fell and the cost side was weak. According to the monitoring of SunSirs, as of October 29, the price of butadiene was 7,991 RMB/ ton, down 5.27% from 8,435 RMB/ ton at the beginning of the week.

Natural rubber prices rose slightly, forming a certain support for cis-polybutadiene rubber. According to the monitoring of SunSirs, as of October 29, the price of domestic natural rubber was 13,723 RMB/ ton, up 1.03% from 13,583 RMB/ ton at the beginning of the week.

SunSirs analysts believe that the rising price of natural rubber will benefit cis-polybutadiene rubber. At present, the price of cis-polybutadiene rubber is high, but the downstream is in conflict with the high price and the transaction is deadlocked. It is expected that the BR market may fall sharply in the later period.

 

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