Latest price (December 28): 14,400 RMB/ ton
According to SunSirs, as of December 28, the price of BR in China was 14,400 RMB/ ton, slightly down 0.41% compared with the previous day; At present, the ex-factory prices of the main suppliers of BR are stable. The ex-factory prices of Daqing and Jinzhou Shunding of CNPC Northeast Sales Company are 14,300 RMB/ ton, and the prices of northeast warehouse are increased; However, the downstream demand continues to be weak, coupled with the low price of raw butadiene, the cost side is weak. Merchants' offer was adjusted weakly. Qilu, Dushanzi and Zhenhua Shunding markets in East China reported 14,100-14,600 RMB/ ton.
The price of raw butadiene continues to weaken, coupled with weak supply and demand, it is expected that China BR market will be weak in the later stage.
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