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BR Market Prices in Northwest China Edge Up on August 11
Regarding the spot market, prices in Northwest China edged up on August 11, supported by rising crude oil costs and upward adjustments in trader quotations. Mainstream spot quotes to BR from Sichuan and Dushanzi stood at 13,300–13,400 RMB/tonne, providing moderate support to spot prices. In the futures market, the benchmark butadiene rubber contract (2609) closed at 13,030 RMB/tonne on August 10, down 135 RMB/tonne from the previous trading day; however, the combination of a strengthening spot market and cost-side support suggests a high probability of futures prices trending upward in the short term.
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