Recently (1.17-1.23), the market price of BR has slightly increased. According to the commodity market analysis system of SunSirs, as of January 23, the market price of BR in East China was 15,000 RMB/ton, an increase of 0.81% from 14,880 RMB/ton on January 17. The price of raw material butadiene continues to rise, and the cost support of BR is strong; The production of BR has slightly decreased, and the pressure on the supply side has decreased; As the Spring Festival approaches, downstream stocking is gradually weakening and market transactions are flat. Recently, the supply prices of BR suppliers have increased, and the quotes from merchants have also risen. As of January 23, the mainstream quotes for BR in Qilu, Daqing, Sichuan, and Yangtze in East China are 14,800-15,150 RMB/ton.

Recently (1.17-1.23), the price of butadiene has continued to rise, and the cost center of BR has slightly shifted upward. According to the Commodity Market Analysis System of SunSirs, as of January 23, the price of butadiene was 12,662 RMB/ton, an increase of 1.60% from 12,462 RMB/ton on January 17.

Recently (1.17-1.23), the construction of domestic BR plants has slightly decreased, with overall construction around 66%.

Demand side: As the Spring Festival holiday approaches, downstream businesses are gradually taking a break, and the stock of BR is gradually decreasing, resulting in sluggish market transactions.

From a fundamental perspective, analysts from SunSirs believe that the price of raw material butadiene will continue to rise, and the cost of BR will continue to be strongly supported; Recently, as the Spring Festival approaches, market transactions have gradually weakened; BR production slightly decreased to around 6.60%, with slightly reduced supply pressure. Overall, with the support of high costs and supply, the BR market mainly stabilized at a high level before the holiday.

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