On January 23rd, the market for BR in East China experienced a significant increase. The futures market hit the daily limit up, and the supply price of BR increased by around 300 RMB/ton on the 22nd. Some merchants closed their positions and watched, while others reported a significant increase of 200-400 RMB/ton.
The article shows that the market for BR in the East China region has experienced a significant increase, with spot supply prices rising by 300 RMB/ton and merchant offers increasing by 200-400 RMB/ton. Some merchants have closed their positions to observe, indicating tight supply or strong demand in the spot market, which has driven prices to rise rapidly. Based on the futures data of BR (a similar product of BR), yesterday's contract closed at 12,270 RMB/ton, up 365 RMB, with a position increase of 2,956 lots, indicating an increase in market activity; Today's futures market hit the limit up, further strengthening bullish sentiment, and it is expected that futures prices will continue to rise. Overall, both spot and futures prices are driven by positive factors and are considered significant positive.
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