On February 25th, CPC Northeast Sales Company raised the price of BR by 200 RMB/ton: currently, Daqing and Jinzhou Shunding are priced at 13,000 RMB/ton, and the Northeast warehouse has raised prices.
The article shows that CPC Northeast Sales Company raised the spot price of butadiene rubber by 200 RMB/ton on February 25th, bringing the ex factory price to 13,000 RMB/ton. This directly reflects the increase in supply side costs or demand, which is favorable for spot prices. Based on the data of butadiene rubber futures (such as the closing price of contract 2603 at 13,045 RMB/ton, up 105 RMB; the closing price of contract 2604 at 13,120 RMB/ton, up 105 RMB), the price has generally risen and the trading volume is active (such as the trading volume of contract 2605 at 46,908 lots), indicating that the market's bullish sentiment has strengthened and is favorable for futures prices.
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