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SunSirs: Morning Market Dynamics of BR on November 7

November 07 2023 13:46:38     SunSirs (Selena)

On the 6th, the night trading of BR fluctuated narrowly, with the 2401 contract opening at 12,900 RMB/ton, the highest at 12,930 RMB/ton, and the lowest at 12,810 RMB/ton, closing at 12,880 RMB/ton, closing 0.23% lower. Recently, the atmosphere of BR has been calm, with downstream inquiries mainly focusing on small orders, while merchant offers have been stable with minor adjustments. As of now, the factory price of Sinopec Sales Company Qilu Shunding is 12,600 RMB/ton. It is expected that the BR market will continue to narrow down on the 7th.

 

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