SunSirs: Rubber, The Light Price of BR Market Fell (January 3-7)
February 10 2020 13:19:07 SunSirs (Daisy)
The price of national BR fell this week (January 3-7), with the price at the beginning of the week at 11350 RMB / ton and the price at the end of the week at 11000 RMB / ton, down 3.08% overall.
Stable Reduction of Petrochemical Ex-Factory Price
This week (2.3-2.7)), the ex-factory price of national BR petrochemical factor reduced by 300 RMB / ton. As of February 7, the e-warehouse price of Daqing BR of CNPC Northeast sales company is 10800 RMB / ton.
Weakening Raw Materials Gave Less Support on Cost Side
The price of butadiene was low, and the support for BR was weakened. The price of butadiene at the beginning of the week was 8056 RMB / ton, while the price of butadiene at the end of the week was 7773 RMB / ton, slightly down 3.51%.
Blocked Traffic and Light Demand
During the Spring Festival, the provincial and municipal governments issued a notice to postpone the resumption of enterprises. It is reported that the resumption of tire enterprises is postponed accordingly, most of which are initially scheduled to be on February 10 (the 17th day of the first month in terms of lunar calendar). The downstream resumption of work was delayed, and the overall demand was light.
Market Forecasting
SunSirs analysts believe that at present, the price of raw materials is low. On the other hand, downstream demand is light
It is expected that the overall performance of the market in the later period is light and the price is weak.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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