SunSirs: East China BR Market Consolidates Weakly on May 20

On May 20, the butadiene rubber market in the East China region underwent a weak consolidation. International crude oil prices fluctuated at high levels, while downstream buyers largely made inquiries on an as-needed basis; consequently, some spot traders of butadiene rubber slightly lowered their offers by 50–100 RMB/ton. Currently, offers for Daqing, Yangzi, and Qilu brand butadiene rubber range from 15,750 to 16,050 RMB/ton, while some private brands are quoted in the vicinity of 15,550 to 15,750 RMB/ton.

Regarding the spot market, East China butadiene rubber traded weakly on May 20. Downstream demand remained sluggish, with most inquiries driven by immediate requirements and purchasing enthusiasm remaining moderate. Traders slightly reduced their spot offers by 50–100 RMB/ton, exerting a generally bearish influence on spot prices. In the futures market, the nearest-month main contract (2606) for Butadiene Rubber (BR) on the Shanghai Futures Exchange closed at 15,755 RMB/ton on May 19—down 70 RMB/ton from the previous trading day. Open interest saw a significant decline of 9,139 lots, indicating a weak trend in futures prices and overall downward pressure on the market.