SunSirs: China BR Market Fell slightly Last Week (February 1-5)
February 08 2021 13:32:40 SunSirs (Selena)
According to the data monitoring of SunSirs, the domestic BR market fell slightly last week (2.1-2.5), with the price at 11,360.00 yuan / ton at the beginning of the week and 11,260.00 yuan / ton at the weekend, down 0.88% overall.
Last week (2.1-2.5), the ex-factory price of domestic BR manufacturers was stable. According to the monitoring of SunSirs, as of February 5, the ex-warehouse price of Daqing BR of PetroChina Northeast was 11,400 yuan / ton; the price of Sinopec North China was stable, Qilu BR was 11,400 yuan / ton; Yanshan BR was 11,320 yuan / ton.
On one hand, the overall operating rate of domestic BR is lower. According to SunSirs, the recent operating load of Yanshan BR is below 50%, while the Yangtze BR plant continues to stop, so the overall pressure on the supply side is not big.
Raw material prices fell slightly last week, the cost of BR support weakened. According to the monitoring of SunSirs, as of February 5, the butadiene price was 6,051 yuan / ton, down slightly 0.08% compared with 6,056 yuan / ton at the beginning of the week.
On the demand side, near the Spring Festival, the demand of downstream market is flat. According to SunSirs, by the end of January, the operating rate of semi steel tire manufacturers remained at 64.09%; the operating rate of all steel tire manufacturers was 66.55%, both lower than last week.
SunSirs analysts believe that at present, the price of raw material butadiene is falling, and the downstream demand is flat, which forms a certain negative effect on BR. However, due to the low overall operating rate of BR and little pressure on the supply side, it is expected that China BR price will remain stable in the short term, although it is weak.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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