Since October, the market of BR has declined in a weak way. According to the monitoring of the business community, as of October 18, the price of BR in China was 12,680 RMB/ ton, down 2.61% from 13,020 RMB/ ton at the beginning of the month. Recently, the ex factory price of two barrels of oil of BR has been reduced by 400 RMB/ ton. According to the monitoring of the business community, as of October 18, the ex factory price of BR of PetroChina Northeast Sales Company had been reported as 12,300 RMB/ ton. As of the 18th, the price of BR market was 12,300-12,800 RMB/ ton, and private BR mainstream was 11,700-11,900 RMB/ ton.

Since October, the raw material butadiene market has declined slightly, and the cost of BR is weak. According to the monitoring of SunSirs, as of October 18, the price of butadiene was 7,760 RMB/ ton, down 6.54% from 8,303 RMB/ ton at the beginning of the month.

Since October, the natural rubber market has declined slightly, and the support for BR is weak. According to the monitoring of SunSirs, as of October 18, the price of natural rubber was 11,980 RMB/ ton, down 2.68% from 12,310 RMB/ ton at the beginning of the month.

The demand side is weak. The downstream tire enterprises started to decline in October, and the demand side is not supported by BR. It is understood that in the first ten days of October, the domestic full steel tire operating rate was 58%, and the semi steel tire operating rate was 63%, a low decline

According to SunSirs analysts, the supply pressure of BR production chain has eased slightly at present, but the cost has declined. It is expected that the price of BR in China will fluctuate in a narrow range in the short term.

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