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SunSirs: The Price of China BR Rose sharply in September

October 10 2020 11:12:59     SunSirs (Selena)

China BR market rose in September. According to the monitoring of SunSirs, the price of BR was 8,230 RMB/ ton at the beginning of September, and then rose to 8,900 RMB/ ton at the end of the month, with an overall increase of 8.14% compared with the beginning of the month. On September 30, BR commodity index was 26.74, down 73.89% from 102.40 (2011-09-25), and 18.69% higher than 22.53, the lowest point on June 4, 2020. (Note: period refers to 2011-09-01 to now)

In September, the start-up of BR was stable on the whole, with an operating rate of about 65%. The supply side was basically stable. In addition, with the promotion of cost, the price of BR of petrochemical manufacturers continued to rise in September. According to the monitoring of SunSirs, the ex-factory price of Daqing BR in Northeast China of PetroChina was 8,800 RMB/ ton, an overall increase of 700 RMB/ ton compared with that at the beginning of the month.

Downstream tire factories started to grow, and the demand for BR was supported. It is understood that as of the end of September, the operation rate of semi steel tire has risen to 70%, and that of all steel tire has risen to 75%. According to SunSirs, in August 2020, the domestic rubber tire outer tire output was 77.104 million, with a month on month increase of 3.27%; from January to August, the cumulative output was 501.085 million, with a month on month increase of 18.07%.

In September, the price of BR raw materials rose, and the cost of BR formed a certain support. According to the monitoring of SunSirs, the domestic butadiene price rose in September. At the beginning of the month, the domestic butadiene price was 5,612 RMB/ ton, which rose by 6,288 RMB/ ton at the end of the month. The overall end of the month was 12.05% higher than that at the beginning of the month.

Market forecast: SunSirs analysts believe that the current high price of raw materials, coupled with increased demand, the price of China BR will remain high in the future.

 

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