SunSirs: The Cost Side is Weak, China BR Market continued to Decline (December 31, 2021- January 7, 2022)

　　Last week (12.31-1.7), the market of BR continued to decline. According to the monitoring of SunSirs, as of January 7, the domestic BR price was 13,710 RMB/ ton, down 4.06% from 14,290 RMB/ ton of the previous Friday.

　　Last week (December 31-January 7), the ex-factory price of BR of domestic enterprises decreased. According to the monitoring of SunSirs, as of January 7, the ex-warehouse price of Daqing Shunding of Sinopec North China sales company was 13,400 RMB/ ton. Traders’ market offers fell, and the market as a whole fell. According to the monitoring of SunSirs, the domestic market quotation of BR is between 13,300-13,900 RMB/ ton, the supply of goods in some areas is small, and the price is slightly strong.

　　Butadiene prices continued to fall sharply last week. According to the monitoring of SunSirs, as of January 7, the price of butadiene was 4,145 RMB/ ton, down 6.88% from 4,451 RMB/ ton of the previous Friday.

　　The natural rubber market adjusted slightly last week. According to the monitoring of SunSirs, as of January 7, the price of natural rubber was 13,790 RMB/ ton, a slight increase of 0.31% compared with 13,748 RMB/ ton of the previous Friday.

　　SunSirs analysts believe that, on one hand, raw butadiene continues to fall sharply, on the other hand, the supply and demand of the industrial chain weakens. Overall, it is expected that the price of China BR will continue to be weak in the later period.