SunSirs: China BR Price Decreased slightly (June 1-15)
June 16 2021 10:19:51 SunSirs (Selena)
According to the data monitoring of SunSirs, the domestic BR market has continued to be weak since June (6.1-6.15), with the price at 11,970 RMB/ ton at the beginning of the month and 11,920 RMB/ ton as of June 15, with a slight decline of 0.42%.
Since June (6.1-6.15), the domestic BR market continued to be weak, and the ex-factory price of BR decreased. According to the monitoring of SunSirs, as of June 15, the ex-warehouse price of Daqing BR of PetroChina Northeast was 11,500 RMB/ ton; According to SunSirs, the mainstream price of BR market in Daqing, Qilu and Yanshan is around 11.750 – 12,200 RMB/ ton.
Since June, the start-up of BR has increased slightly, and the raw material butadiene has risen sharply, with support from the cost side. According to the monitoring of SunSirs, as of June 15, the butadiene price was 8,218 RMB/ ton, up 10.19% from 7,458 RMB/ ton at the beginning of the month.
The price of natural rubber fluctuates at a low level, which is mainly bad for BR. According to SunSirs, as of June 15, the domestic natural rubber price was 12,462 RMB/ ton, down 3.41% from 12,887 RMB/ ton at the beginning of the month.
SunSirs analysts believe that the low price of natural rubber has a strong negative effect on BR. In addition, the pre-maintenance BR such as Yanshan Petrochemical, Yantai Haopu and Maoming Petrochemical have been restarted, and the supply pressure has increased. It is expected that China BR will still fall in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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