ResearchIndustry2026-10-02
Heavy-Chain Split: Rubber Holds High, Bitumen and Fuel Oil Stay Moderate
Natural rubber at CNY 20,095/t and butadiene rubber at CNY 16,000/t both sit in the upper yearly range, while bitumen at CNY 5,013/t and fuel oil at CNY 4,434/t stayed moderate. The downstream does not track crude; a per-grade ledger beats one Brent quote.