SunSirs: The Market Price of BR in China was Stable
August 11 2021 14:48:46 SunSirs (Selena)
According to the monitoring of SunSirs, as of August 10, the domestic price of BR was 14,240 RMB/ ton, an increase of 0.21% over the previous day; On the one hand, downstream tire enterprises still have a strong demand for BR, coupled with the low inventory of market merchants, the willingness to ship at a low price is reduced; On the other hand, since August, the price of natural rubber has been rising steadily, which has supported BR. According to the monitoring of SunSirs, as of August 10, the price of natural rubber was 13,287 RMB/ ton.
Demand, high raw materials and natural rubber price recovery have a partial impact on BR. However, the short-term bearish atmosphere of crude oil has become a bearish factor in the petrochemical industry chain. It is expected that China BR will rise steadily and tentatively in the short term.
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