SunSirs: On February 24, the BR Market Was Weak
February 25 2022 14:27:45 SunSirs (John)
Product Name: BR9000
The latest price (February 24): 13,790 RMB/ton
Analysis review
According to the monitoring of SunSirs, as of February 24, the domestic price of BR was 13,790 RMB/ton, down 0.07% from the previous day; the ex-factory price of the main suppliers of BR was stable, and the price of BR of PetroChina Daqing and Jinzhou sales companies was 13,700 yuan /r ton.
After the Spring Festival, the price of raw material butadiene continued to rise, and the cost side has support However, the downstream demand was weak, and some businesses offered a slight reduction of about 100 RMB/ton. Qilu, Dushanzi, Zhenhua's BR market quotations in East China were 13,150~13,900 RMB/ton.
Market outlook
The international crude oil fluctuated widely and the raw material butadiene had support for the BR market, but the current downstream demand was weak. It is expected that the BR market will fluctuate and consolidate in the short term..
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