SunSirs: China BR Market Increased (March 15-19)
March 23 2021 10:34:39 SunSirs (Selena)
According to the data of SunSirs, the domestic BR market rose from March 15 to 19 last week.
Last week (3.15-3.19) the domestic market BR rose, and the ex-factory price of BR increased by 300 RMB/ ton. According to the monitoring of SunSirs, the issue price of Daqing BR, PetroChina Northeast was 13,800 RMB/ ton as of March 19; Qilu BR, Sinopec North China reported 13,700 RMB/ ton; Yanshan BR reported 13,620 RMB/ ton.
The price of raw materials was slightly weaker last week, and the cost side was weak. According to SunSirs, the butadiene price as of March 19 was 8,441 RMB/ ton, a slight decrease of 0.07% compared with 8,446 RMB/ ton at the beginning of the week.
On the demand side, after the Spring Festival, the downstream market began to resume gradually, while the downstream stock increased, but recently, there was a conflict with high price rubber, and the stock preparation decreased slightly.
SunSirs analyst believes that although the supply side is still tight, the price of raw material butadiene is weak, international crude oil was significantly adjusted on 18th, the peak of downstream stage procurement has passed, and the overall support for BR is weak, and it is expected that China BR will be adjusted slightly in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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