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SunSirs: China BR Market Rose slightly (September 2-9)

Increase font size  Decrease font size Date:2022-09-14   Views:60

  Last week, the BR market rose slightly. According to the monitoring of SunSirs, as of September 9, the price of domestic BR was 12,990 RMB/ ton, up 1.72% from 12,770 RMB/ ton last Friday. The 150,000 tons/ year BR unit of Sichuan Petrochemical is expected to be overhauled, the pressure on the short-term supply side is expected to be relieved, and the prices of petrochemical manufacturers are slightly increased, so the offers of merchants are slightly increased. In addition, from the basic aspect of the industrial chain, at present, the downstream stock in the traditional peak season has increased slightly, and the price of raw materials has mainly risen since the end of August, which is supported by the cost side; As of September 9, the ex factory price of two barrels of oil BR was stable. As of September 9, the ex factory price of Qilu BR of Sinopec North China sales company was 12,600 RMB/ ton.At present, the domestic BR plant is operating at a high level, and the supply side continues to be loose. However, Sichuan Petrochemical has a maintenance plan in September, and it is expected that the pressure on the supply side of BR will be relieved in the later period.



  Last week, the butadiene market rose first, then fell, and rose as a whole. The cost of BR was supported. According to the monitoring of SunSirs, as of September 9, the price of butadiene was 9,156 RMB/ ton, up 3.92% from 8,811 RMB/ ton on Friday the previous week.



  Last week, the natural rubber market was weak and volatile, and the impact on BR was short. According to the monitoring of SunSirs, as of September 9, the price of natural rubber was 11,706 RMB/ ton, down 0.37% from 11,750 RMB/ ton on Friday the previous week.



  The operation of downstream tires increased slightly compared with the previous period, with half steel tires around 6.5% and all steel tires around 5.8%. The demand for rubber is supported but still weak, and the market is dominated by small orders.



  SunSirs analysts believe that although the supply and demand of BR production chain is weak at present, on one hand, the demand side of peak season may be improved, and on the other hand, the pressure of enterprise maintenance and supply is expected to be eased to some extent. It is expected that the price of BR may rise slightly in late September in China.


 
 
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