SunSirs: Morning Market Dynamics of BR on August 11th
August 11 2023 14:31:33     SunSirs (Selena)On August 10th, the main contract for BR futures, 2401, rose slightly during the night trading, closing at 11305 RMB/ton.
The overnight international crude oil price fluctuated slightly and weakened, with the WTI09 contract closing at $82.86 per barrel and settling at $82.82 per barrel; The Brent 10 contract closed at $86.28 per barrel and settled at $86.40 per barrel.
The price stage of raw material butadiene is at a high level, and the cost support for BR is strong; On August 10th, the factory price of BR temporarily stabilized, and the market offer was slightly adjusted, while downstream inquiries were average. It is expected that BR market will experience a narrow range of fluctuations on August 11th.
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