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SunSirs: Rubber, Acrylonitrile-Butadiene Rubber was Light (February 2-14)

February 18 2020 08:01:09     SunSirs (Daisy)

In the first half of February (February 1-14), the price of acrylonitrile-butadiene rubber was weak and light. The price at the beginning of the month was 16200 RMB / ton, and as of February 14, the price of acrylonitrile-butadiene rubber was 16066 RMB / ton, slightly down 0.82%.

The price of raw butadiene fell sharply

The raw material price is low, and the cost support strength is weakened. The butadiene price fell in the first half of February, and the support for acrylonitrile-butadiene rubbers weakened. To be more specific, the price of butadiene at the beginning of the month was 8056 RMB / ton. As of February 14, the price of butadiene was 6626 RMB / ton, down 17.75% overall.

Stable ex-factory price of petrochemicals

The factory price of acrylonitrile-butadiene rubber is mainly stable. The factory price of Lanzhou Petrochemical acrylonitrile-butadiene rubber is stable. At present, N41E reports 15000 RMB / ton, 3305E reports 15500 RMB / ton, and 3308E reports 15600 RMB / ton. Ningbo Shunze acrylonitrile-butadiene rubber has stable factory price. Now, acrylonitrile-butadiene rubber 3355 reports 15400RMB / ton, 28 reports 15200 RMB / ton, 3380 reports 15600 RMB / ton.

The demand of the downstream is still weak due to the decrease of the operating rate of nitrile Enterprises

On the one hand, affected by the slow resumption of downstream work and traffic congestion, the delivery of acrylonitrile-butadiene rubber is not ideal, and the support of downstream demand is weak.

On the other hand, the overall start-up of acrylonitrile-butadiene rubber enterprises has been reduced. It is understood that at present, Ningbo Shunze 65000 tons of acrylonitrile-butadiene rubber plant is in production suspension, and the resumption time is not yet determined. The overall operating rate of acrylonitrile-butadiene rubber in China is 60-70%, which alleviates the supply pressure of NBR to some extent.

Market Forecasting 

The sharp decline in the price of raw materials and the overall low price of goods in the industry have created a negative situation for acrylonitrile-butadiene rubber.

On the other hand, the acrylonitrile-butadiene rubber enterprises have reduced the burden to cope with the current supply-demand contradiction, alleviating the pressure of acrylonitrile-butadiene rubber Enterprises to a certain extent. And it is expected that the acrylonitrile-butadiene rubber, market will maintain a slight weakening situation in the later stage.

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