On Monday, international crude oil opened at a high level, with WTI main contract opening at $93.48/barrel and Brent main contract opening at $98.19/barrel.
On October 10, the early morning market of BR was strong, which was mainly affected by the domestic bullish atmosphere due to the sharp rise in international crude oil prices, and the shutdown of BR devices such as Huayu for maintenance, so the pressure on the supply side of BR was relatively small; However, at present, the downstream start up and stock up are not significantly improved, and the BR market is still facing some difficulties. On October 10, the offer of BR in East China, such as Qilu, Daqing, Jinzhou, Sichuan, Dushanzi and Yangzi, was 12800-13600 RMB/ ton. In the later stage, we need to pay attention to the changes in cost and demand.
