SunSirs: China BR Market Rebounded slightly Last Week (August 9-13)

　　According to the data monitoring of SunSirs, the domestic BR market rebounded slightly last week (8.9-8.13). The price at the beginning of the week was 14,210 RMB/ ton, and as of August 13, the price was 14,290 RMB/ ton, with an overall slight rebound of 0.56%.

　　Last week (8.9-8.13), the domestic BR market rebounded slightly, and only the ex-factory price of CNPC northeast increased by 100 RMB/ ton. According to the monitoring of SunSirs, as of August 13, the ex-warehouse pricing of Daqing Shunding of CNPC Northeast sales company was 14-000 RMB/ ton; The merchant’s offer has increased by 50-100 RMB/ ton compared with the previous period. According to SunSirs, the mainstream price in Shunding market such as Daqing, Qilu and Yanshan is around 14,100-14,600 RMB/ ton.

　　Butadiene, the raw material, has been at a high level since late July. It continued to fall last week, with weak cost support. According to the monitoring of business society, as of August 13, the price of butadiene was 10,697 RMB/ ton, down 3.65% from 11,102 RMB/ ton at the beginning of the week.

　　The price of natural rubber fluctuated in a narrow range. According to the monitoring of SunSirs, as of August 13, the price of domestic natural rubber was 13,250 RMB/ ton, rebounding from late July.

　　SunSirs analysts believe that although the price of raw materials has fallen, the start-up of BR has decreased and the supply pressure has decreased. It is expected that China BR market will be stable in the later stage.