International crude oil closed higher, with WTI main contract closing at 89.22 dollars/barrel and Brent main contract closing at 94.62 dollars/barrel.
The price of raw butadiene continued to decline. As of October 13, the domestic butadiene producer price was 7,760 RMB/ ton, and the price fell significantly by 6.54% after the National Day.
On October 14, the market atmosphere of BR in the morning market was wait-and-see. Although the international oil price rose again, the raw material butadiene continued to fall, and the cost of BR could not be supported; The ex factory price of BR is temporarily stable, the downstream inquiries are light, and the market is more wait-and-see. To sum up, in the morning of October 14, Daqing Shunding reported 13,100-13,200 RMB/ ton in Shanghai, Dushanzi in Northwest China, Sichuan Shunding reported 12,650-12,800 RMB/ ton, Yanshan in North China, and Qilu Shunding reported 12,800-12,900 RMB/ ton. In the later stage, we need to pay attention to the changes in cost and demand.
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