On December 16th, China Petroleum Northeast Sales Company raised the price of BR by 100 RMB/ton: currently, Daqing and Jinzhou BR are priced at 11,100 RMB/ton, and the Northeast warehouse has raised prices.

CPC Northeast Sales Company has raised the ex factory price of BR by 100 RMB/ton to 11,100 RMB/ton, reflecting tight supply or increased demand in the spot market, which directly benefits spot prices. Based on the BR futures market (related commodities), the main contract, such as 2602, has a settlement price of 10,810 RMB/ton, up 130 RMB, and the position has increased to 98,043 lots, indicating a strong bullish sentiment in the market. It is expected that futures prices will continue to rise due to the increase in spot prices.

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