The price of BR rose slightly last week (1.6-1.12). According to the monitoring of SunSirs, as of January 12, the domestic price of BR was 10,630 RMB/ton, up 0.66% from 10,560 RMB/ton on Friday. Although the downstream inquiries were flat before the festival, on the one hand, the price of raw material butadiene was high and firm, on the other hand, the price of BR enterprises were willing to stand up. Within the week, the BR suppliers increased the factory price of BR by 300 RMB/ton in succession. According to the monitoring of the Business Agency, as of January 12, the ex-factory price of BR of PetroChina Northeast Sales Company was 10,500 RMB/ton. As of the January 12, the mainstream market of BR in Qilu, Yanshan, Yangzi, Dushanzi and Sichuan reported 10,600-11,100 RMB/ton, while the mainstream market of private BR reported 10,300-10,400 RMB/ton.

Last week (1.6-1.12), the price of raw butadiene rose sharply, and the cost of BR rose sharply. According to the monitoring of SunSirs, the price of butadiene was 8,041 RMB/ton as of January 12, up 3.29% from 7,785 RMB/ton on Friday.

The natural rubber market fluctuated slightly last week (1.6-1.12), which supported BR. According to the monitoring of SunSirs, the price of natural rubber was 12,420 RMB/ton as of January 12, up 0.08% from 12,410 RMB/ton last Friday.

As the Spring Festival approaches, the downstream tire enterprises started to lower slightly, and the inquiries for BR decreased, and the demand support weakened.

SunSirs analysts believe that the supply-demand side of BR is weak at present, but the cost side is up. In addition to the high willingness of enterprises to stand up, the price of BR is expected to rise slightly. It is expected that BR price will fluctuate in a narrow range before the holiday, and the market will remain weak and stable, and the price will continue to rise after the Spring Festival in China.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.