The market of BR continued to decline sharply in the first ten days of December. According to the monitoring of SunSirs, as of December 10, the price of BR in China was 10,530 RMB/ton, down 4.19% from 10,990 RMB/ton at the beginning of the month, with a cycle low of 10,470 RMB/ton. From the beginning of December to the present, the factory price of two barrels of oil of cis BR has dropped sharply by 1,000 RMB/ton. According to the monitoring of SunSirs, as of December 10, the factory price of cis BR of Sinopec North China Sales Company had reported 10,100 RMB/ton, and the offer of merchants had fallen sharply. As of December 10, the mainstream of cis BR markets such as Qilu, Yanshan, Yangzi, Dushanzi and Sichuan had reported 10,300-10,800 RMB/ton, and the mainstream of private cis BR markets had reported 9,750-10,100 RMB/ton.

Daqing, Sichuan, Maoming, Qixiang and other Shunting Butadiene plants are under high load or full load production, and Zhenhua and other early maintenance devices are restarted. In general, the pressure on the supply side of Shunting Butadiene Rubber is still there.

In the first ten days of December, the price of raw butadiene rose, and the cost of cis BR rose slightly. According to the monitoring of SunSirs, as of December 10, the price of butadiene was 6,566 RMB/ton, up 2.48% from 6,407 RMB/ton at the beginning of the month.

The natural rubber market rose slightly in the first ten days of December, supporting BR. According to the monitoring of SunSirs, as of December 10, the price of natural rubber was 12,420 RMB/ton, up 1.64% from 12,220 RMB/ton at the beginning of the month.

The demand side increased slightly, but it was still weak. The downstream tire enterprises started to improve in December. According to the business agency, the construction of semi steel tires in Shandong is around 64%, and that of full steel tires is around 60%.

According to the analysts of the business association, the supply pressure of BR is still present, the demand has improved, and the cost has risen slightly. It is expected that the market of BR in China will stop falling in the short term.

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