On January 6th, Sinopec Sales Company raised the ex factory price of BR by 200 RMB/ton, while Qilu BR reported 11,700 RMB/ton.

Sinopec Sales Company raised the ex factory price of butadiene rubber by 200 RMB/ton to 11,700 RMB/ton, reflecting favorable signals of tight supply and strong demand, directly pushing up spot prices. Based on the data of butadiene rubber futures (such as the settlement price of contract 2602 at 11,860 RMB/ton, up 170 RMB; the settlement price of contract 2603 at 11,895 RMB/ton, up 175 RMB), there is a strong bullish sentiment in the market, and changes in holdings indicate capital inflows. It is expected that futures prices will continue to rise supported by spot prices.

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