According to the data monitoring of SunSirs, the domestic BR market fell slightly last week (5.17-5.21), with the price at 12,120 RMB/ ton at the beginning of the week and 12,040 RMB/ ton at the end of the week, with a slight decline of 0.66%.
Last week (5.17-5.21), the domestic BR market declined, and the ex-factory price was stable before May Day. According to the monitoring of SunSirs, as of May 17, the ex-warehouse price of Daqing BR of PetroChina Northeast was 12,200 RMB/ ton; The mainstream price of Shunding market in Daqing, Qilu and Yanshan was around 11,900 ~ 12,200 RMB/ ton.
The supply of BR decreased last week. According to SunSirs, Yantai Haopu 60,000 tons/ year BR equipment was stopped for maintenance from May 12; Yanshan Petrochemical's 150,000 tons/ year BR equipment was officially started on May 17, but the start-up load was low at 10-20%; Zhejiang ChuanHua 100,000 tons/ year BR equipment started its maintenance on last Wednesday.
The price of natural rubber fluctuates at a low level, which is mainly bad for BR. According to SunSirs, as of May 21, the domestic natural rubber price was 12,800 RMB/ ton, slightly fluctuating from 12,837 RMB/ ton at the beginning of the week.
SunSirs analysts believe that the low price of natural rubber has a strong negative effect on BR, but at present, the overall operating rate of BR is declining, the supply side is tight, and there has been a significant decline in the early stage, so it is expected that China BR will be stable in the short term.
