SunSirs: The Increase in Ex Factory Price of BR Benefits the Market in China

On March 11th, China Petroleum Northeast Sales Company raised the price of Shunding rubber by 500 RMB/ton: currently, Daqing and Jinzhou Shunding are priced at 15,400 RMB/ton, and the Northeast warehouse has raised prices.

The article shows that on March 11th, CPC Northeast Sales Company raised the ex factory price of butadiene rubber by 500 RMB/ton to 15,400 RMB/ton, and the Northeast warehouse increased the price. The significant increase in this price directly reflects the tightening of supply and demand in the spot market, which may be due to the strengthening of downstream demand or the rise in upstream raw material costs, posing a significant positive impact on spot prices. The price increase will boost market confidence, promote spot trading activity, and may attract more purchase orders in the short term, supporting further price increases.