SunSirs: The Position Continues to Increase, China BR Market has Once again Surged significantly

https://www.chemnet.com   Jun 13,2024 SunSirs

On June 12th, the butadiene rubber futures contract 07 surged significantly, closing at 16,555 RMB/ton, up 5.35%. The position increased to 57,000 hands.

The spot price of butadiene rubber continues to rise due to the sharp rise in futures, high costs, and tight supply. However, the market's fear of high prices has increased, and the overall price is available but not available. From a fundamental perspective, the price of raw material butadiene has recently risen again, and the cost support for butadiene rubber has strengthened; The overall construction of domestic butadiene rubber plants is at a low level of around 5.6%, and the supply of butadiene rubber in the market is relatively tight. The spot price of butadiene rubber is strongly supported by cost and supply, and the supply price of butadiene rubber enterprises was once again raised by 900 RMB/ton on the 11th. As of June 12th, the spot prices of butadiene rubber in the East China region were between 15,600 and 15,800 RMB/ton, and some merchants were closed for observation.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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