BR Market Prices in Northwest China Edge Up on August 11

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On August 11, the market for polybutadiene rubber (BR) in Northwest China saw a slight rise. Prices were driven upward by gains in BR futures and a renewed increase in crude oil prices, prompting traders to raise their offers. Currently, mainstream quotes for BR from producers such as Sichuan and Dushanzi range from 13,300 to 13,400 RMB/tonne.

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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