Last week (10.17-10.24), the market of BR continued to fall. According to the monitoring of SunSirs, as of October 24, the price of BR in China was 12,240 RMB/ ton, down 4.38% from 12,800 RMB/ ton last Monday. On October 19, the factory price of two barrels of oil of butadiene rubber was lowered by 300 RMB/ ton. According to the monitoring of SunSirs, as of October 24, the factory price of butadiene rubber of PetroChina Northeast Sales Company was reported at 12,000 RMB/ ton. As of October 24, the market offer of BR is 12.400 RMB/ ton and he mainstream of private BR market offer is 11,500-11,900 RMB/ ton.

Last week (10.17-10.24), the raw material butadiene market fell slightly, and the cost support for BR was weak. According to the monitoring of SunSirs, as of October 24, the price of butadiene was 7,608 RMB/ ton, down 1.95% from 7,775 RMB/ ton last Monday.

Last week (10.17-10.24), the natural rubber market declined slightly, and the support for BR was weak. According to the monitoring of SunSirs, as of October 24, the price of natural rubber was 11,720 RMB/ ton, down 3.38% from 12,130 RMB/ ton last Monday.

The demand side is weak. The downstream tire enterprises started to decline in October, and the demand side is not supported by BR. In order to reduce risks, merchants often follow the sales and purchase.

According to SunSirs analysts, the supply pressure of the BR production chain has eased slightly at present, but the cost has declined and the demand is light. It is expected that China BR market will continue to operate weakly in the short term.

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