On November 5th, Sinopec Sales Company lowered its butadiene rubber ex-factory price by 300 RMB/ton, with Qilu BR quoted at 10,200 RMB/ton.
Sinopec, as a major supplier, lowering its BR ex-factory price by 300 RMB/ton to 10,200 RMB/ton indicates increased supply-side pressure or insufficient demand, posing a significant negative factor for spot prices and potentially leading to a market-wide decline. Combined with BR futures data (e.g., the settlement price of the 2601 contract was 10,085 RMB/ton, down 95 RMB), the futures market has already weakened. This news reinforces bearish sentiment, and futures prices are expected to face further downward pressure, resulting in a short-term bearish outlook.
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