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SunSirs: China NBR Market was Stable (September 6-10)
September 14 2021 15:01:52SunSirs(Selena)

Last week (9.6-9.10), NBR market was stable. According to the monitoring of SunSirs, as of September 10, the price of nitrile rubber was 23,900 RMB/ ton, mainly stable.

The ex-factory price of domestic NBR was partially adjusted. According to the monitoring of SunSirs, Lanzhou Petrochemical reported 20,800 RMB/ ton of NBR N41E as of September 10; 3305E reported 21,900 RMB/ ton, stable; Ningbo Shunze 65,000 ton/ year unit operates normally. The ex-factory price of NBR 3355/3365 was 22,300 RMB/ ton, increased by 300 RMB/ ton, and the ex-factory price of 3380 was 23,000 RMB/ ton, which was stable. Some manufacturers controled orders, the market supply was tight, most traders were reluctant to sell, and the market offer was firm. Last week, the downstream rubber products industry started stably, and the demand for NBR was rigidly supported.

The raw material butadiene fell sharply, and the cost was short of the impact of NBR. According to the monitoring of SunSirs as of September 10, the price of butadiene was 9,117 RMB/ ton, down 6.27% from 9,727 RMB/ ton at the beginning of the week.

SunSirs NBR analysts believe that the cost side is bad, but the market supply is relatively tight. In addition, there is still rigid support for demand. It is expected that the high level of China NBR market will be strong in the short term.

 

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