China BR weakened slightly last week (11.19-11.26). According to the monitoring of SunSirs, as of November 26, the domestic BR price reached 15,980 RMB/ ton, a slight decrease of 0.62% compared with 16,080 RMB/ ton on November 19.

Last week (November 19-november 26), the ex-factory price of BR of domestic enterprises was stable. According to the monitoring of SunSirs, as of November 26, the ex-warehouse price of Daqing Shunding of CNPC Northeast sales company was 15,100 RMB/ ton; The market offer was slightly adjusted, but the price remained high due to the tight supply of some goods. According to SunSirs, at present, the mainstream prices in Shunding markets such as Daqing, Qilu, Yanshan and Sichuan are around 15,700 - 16,200 RMB/ ton.

Butadiene has fallen sharply since November, with serious drag on the cost side. According to the monitoring of SunSirs, as of November 26, the price of butadiene was 6,820 RMB/ ton, down 14.66% from 7,991 RMB/ ton at the beginning of the month. The natural rubber market fluctuated and consolidated above 13,000 RMB/ ton, rising to 14,360 RMB/ ton within the month, rising by 2.26% at the end of the month compared with the beginning of the month, which has a certain support for BR.

SunSirs analysts believe that, on one hand, the raw material butadiene has fallen sharply, on the other hand, there is no obvious positive effect on the supply and demand of the industrial chain. On the whole, the price of BR in China is expected to fall in the later stage.

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