This report is provided by MacroTerms.com

Data as of: 2026-10-26 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

SHFE Butadiene Rubber Main Continuous (SHFE.BR) In-Depth Analysis Report | Short Covering Drives Short-Term Price Rebound | 2026-10-27

Bearish. Butadiene rubber main continuous reports 16380, with the night session review showing 16420. 5-day +4.13%, 20-day +11.85%, sitting at the 81.4% percentile of the 20-day range. Net short position of the top 20 seats is 4,183 lots, expanding by 1,936 lots from the previous day, with capital continuing to flow out. Main nominal open interest is 5.98 billion yuan, with a daily change of -0.04 billion yuan, reflecting a rally driven by position reduction (short covering). Technically, the price is approaching the next pivot R1 at 16663.33, but there is still room to the upside; downside support is at S1 16083.33. Supply and demand fundamentals remain weak; attention is needed on downstream demand and inventory changes.