SunSirs: Moring Market Dynamics of China BR Market on September 8
September 08 2023 15:10:43 SunSirs (Selena)
On September 7th, the main futures contract for butadiene rubber futures, 2401, fluctuated lower in the night trading, closing at 13,630 RMB/ton.
The international crude oil price slightly decreased overnight, with the WTI10 contract closing at $86.76 per barrel and settling at $86.87 per barrel; The Brent 11 contract closed at $89.75 per barrel and settled at $89.92 per barrel.
The price of raw material butadiene continues to rise significantly, and the cost of butadiene rubber continues to maintain an upward trend; On the 7th, the factory price of butadiene rubber temporarily stabilized, and market merchants' offers slightly declined. The mainstream domestic offers ranged from 13,200 to 13,800 RMB/ton. It is expected that the market situation of butadiene rubber will continue to adjust on the 8th.
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