On November 4th, the butadiene rubber market in East China weakened and declined. Downstream inquiries were made only as needed. Futures prices weakened and declined, leading to a 500 RMB/ton reduction in BR supply prices. Traders followed suit with price reductions of 100-200 RMB/ton. Currently, mainstream BR prices from Daqing, Yangzi, and Qilu are quoted at 10,650-10,800 RMB/ton; some private brands are quoted around 10,400-10,700 RMB/ton.

The report stated that the BR market in East China weakened and declined, with supply prices decreasing by 500 RMB/ton. Traders generally followed suit with price reductions of 100-200 RMB/ton, with mainstream prices falling to 10,650-10,800 RMB/ton. Some private brands were quoted as low as 10,400-10,700 RMB/ton, indicating an imbalance between supply and demand in the spot market, with weak demand leading to a significant price drop. Meanwhile, futures prices weakened and declined. Latest futures data shows that BR (and related futures contracts) prices generally fell, with the 2607 contract settling at 10,785 RMB/ton (down 280 RMB) and the 2608 contract settling at 10,860 RMB/ton (down 235 RMB). Low trading volume and fluctuating open interest indicate a growing bearish sentiment in the market. The combined effects of spot and futures markets constitute a significant negative factor for BR prices.

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