On November 12th, PetroChina Northeast Sales Company raised the price of BR by 100 RMB/ton: currently, Daqing and Jinzhou BR are priced at 10,300 RMB/ton, and the Northeast warehouse has raised prices.

The article shows that PetroChina Northeast Sales Company has raised the ex factory price of BR by 100 RMB/ton to 10,300 RMB/ton, indicating that the supply side has actively raised prices, reflecting potential cost increases or demand improvements, which directly benefits the spot market. Based on the data of BR futures (such as the closing price of the main contract 2601 at 10,430 RMB/ton, up 110 yuan, with a trading volume of 151,513 lots, and changes in position indicating short positions and reduced positions), the upward adjustment of spot prices conveys a positive signal, supporting the bullish sentiment in the futures market. It is expected that short-term futures prices will follow suit and rise.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.