According to the data monitoring of SunSirs, the domestic BR market continued to be weak last week (5.31-6.4). The price was 12,000 RMB/ ton at the beginning of the week and 11,940 RMB/ ton at the end of the week, with a slight decline of 0.50%.
Last week (5.31-6.4), the domestic BR market continued to be weak. Last week, the ex-factory price of BR decreased 500 RMB/ ton. According to the monitoring of SunSirs, as of June 4, the ex -warehouse price of Daqing BR of PetroChina Northeast was 11,700 RMB/ ton; The adjustment was not big last week. According to SunSirs, the mainstream price of BR in Daqing, Qilu and Yanshan was around 11,700-12,000 RMB/ ton.
The start-up of BR increased slightly last week. According to SunSirs, Yantai Haopu 60,000 ton/ year BR unit was in operation again; The 150,000 ton/ year BR unit of Yanshan Petrochemical Co., Ltd. was in normal operation with load increase; Zhejiang ChuanHua 100,000 ton/ year BR unit shutdown for maintenance; Xinjiang Lande 30,000 ton/ year unit shutdown for maintenance.
The price of raw material butadiene rose, the cost side had the support. According to the monitoring of SunSirs, as of June 4, the butadiene price was 7,608 RMB/ ton, up 3.12% from 7,378 RMB/ ton at the beginning of the week.
The price of natural rubber fluctuated at a low level, which is mainly bad for BR. According to the monitoring of SunSirs, as of June 4, the domestic price of natural rubber was 12,800 RMB/ ton.
SunSirs analysts believe that the low price of natural rubber has a strong negative effect on BR. Although the overall start-up of BR is stable and the supply pressure is not big, the start-up of downstream tire factories has decreased. This week, China BR market may slightly decline.
