1. Price Trend
In November, the market price of acrylonitrile-butadiene rubber weakened. According to data from SunSirs.com, the market price of acrylonitrile-butadiene rubber at the beginning of the month was 17,066 RMB/ ton, and the price at the end of the month was 16,000 RMB/ton.
2. Market Analysis
The supply of acrylonitrile-butadiene rubber is plentiful.
According to SunSirs.com, the main domestic acrylonitrile-butadiene manufacturers started normal operations in November. And the overall operating rate of domestic acrylonitrile-butadiene rubber was nearly 80%. The market had sufficient supply, high inventory pressure and reducing offer price of traders. According to SunSirs.com daily data base, up to November 30, the price of domestic acrylonitrile-butadiene rubber in Shanxi province has been stable. At present, the main market of Lanhua acrylonitrile-butadiene N41 is about 14,000 RMb/ton, 3305 is 14,900 RMB/ton, and 3308 is 15,600 RMB/ton. Downstream players adopt on-demand procurement.
The price of raw materials was sideways, but the support for acrylonitrile-butadiene was weakened.
The raw material butadiene was sideways in November, weakening the support for acrylonitrile-butadiene. According to SunSirs.com, the price of butadiene was 9,123 RMB/ton at the beginning of November, and dropped to 8,537 RMB/ton in the middle of the month. The price at the end of the month was 8,834 RMB/ton, which fell 3.17% at the end of the month. Compared to the beginning of the month, it fell by 6.42%.
It is difficult to improve the downstream demand, which will drag on acrylonitrile-butadiene rubber.
At present, there is no significant increase in orders from downstream terminal factories, and the demand for acrylonitrile-butadiene rubber is still relatively light.
3. Market Forecasting
SunSirs' analytics believe that, on the one hand, the price of butadiene is low. On the other hand, the demand for acrylonitrile-butadiene rubber is insufficient. It is expected that the price of acrylonitrile-butadiene rubber will continue to be weak.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com