SunSirs: Morning Market Dynamics of China BR on November 10
November 10 2023 13:51:49     SunSirs (Selena)On the 9th, the overnight trading of BR fluctuated and consolidated. The 2401 contract opened at 12,600 RMB/ton, with a maximum of 12,700 RMB/ton and a minimum of 12,520 RMB/ton, and closed at 12,620 RMB/ton, closing 0.28% higher. Recently, BR has been experiencing a weak consolidation, with small downstream inquiries being the main focus, and merchants' offers have been slightly reduced. As of now, the factory price of Sinopec Sales Company Qilu Shunding is 12,400 RMB/ton. It is expected that the BR market will continue to narrow down on the 10th.
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