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SunSirs: China BR Price Rose on May 10

May 11 2021 15:05:27     SunSirs (Selena)

Commodity name: BR9000

Latest price (May 10): 12,310 RMB/ ton

According to the monitoring of SunSirs, the domestic price of BR was 12,310 RMB/ ton on the May 10, up 0.74% from the previous day. On one hand, Shunding manufacturers increased, leading businesses offer up. According to the monitoring of SunSirs, the ex-factory price of BR increased 200 RMB/ ton on May 10. As of May 10, the ex-factory price of Qilu BR of Sinopec North China was 12,200 RMB/ ton; On the other hand, the price of Shanghai Rubber rose sharply after the May Day, driving the bullish atmosphere of rubber ring. According to SunSirs, as of the close of May 10, the closing price of HuJiao 09 contract was 14,595 RMB/ ton and the settlement price was 14,545 RMB/ ton, up 4.45% from 13,925 RMB/ ton on April 30. Positions increased from 220,762 at the end of April to 235,895 at the end of May 10.

The rise of Shanghai rubber has more impact on BR. In addition, the recent maintenance of BR enterprises has increased compared with the previous period, and the supply side has decreased. It is expected that BR price will stop falling and rise in the future in China.

 

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