ResearchIndustry2026-09-12
NR–BR spread widens to CNY 4,240/t, opening a tire-blend substitution window
Natural rubber at CNY 19,150/t (-0.98%) and butadiene rubber at CNY 14,910/t (-3.84%); the spread has widened to CNY 4,240/t, making butadiene substitution pay, though natural rubber has a floor.