SunSirs: China BR Market Rebounded slightly in June

　　BR market rebounded slightly in June. According to the monitoring of SunSirs, the price of BR was 11,970 yuan / ton at the beginning of June and 12,330 yuan / ton at the end of the month, with an overall increase of 3.01% at the end of the month compared with the beginning of the month. In June, the ex-factory price of BR dropped first and then rose. As of June 30, the price of BR of Sinopec North China sales company was stable. Qilu BR was reported at 12,100 yuan / ton, and North China warehouse raised the price; Yanshan Shunding quoted 12,020 yuan / ton, and Huabei warehouse raised the price.

　　In June, the domestic BR industry started down slightly. According to SunSirs, Yangzi’s 100,000 tons / year BR plant continued to shut down in June; The BR units with a total capacity of 200,000 tons / year, such as Lande, Wanda and ChuanHua, were shut down for maintenance in the early and middle of June respectively, and the two units returned to normal at the end of the month; Maoming 100,000 tons / year BR units was put into operation in mid June; BR units in Daqing, Qilu and Dushanzi were in normal operation.

　　The price of natural rubber is at a low level, which forms a certain pressure on BR from the perspective of substitutability.

　　SunSirs analysts believe that, on one hand, the price of raw materials rose sharply, forming a positive support for BR; On the other hand, the low price of natural rubber and the slight decline of downstream construction have a negative impact on BR. China BR market is expected to fluctuate in a narrow range.