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SunSirs: Acrylonitrile-Butadiene Rubber Market was Light (Feb.1-14)

February 19 2020 14:56:46     SunSirs (Daisy)

In the first half of February (Feb.1-14), the price of acrylonitrile-butadiene rubber goes weak and market is light. The price at the beginning of the month was 16200 RMB / ton. As of February 14, the price of NBR 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 weakened. The butadiene price fell in the first half of February, weakening the support for acrylonitrile-butadiene rubber. 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 Group is stable. At present, N41E reports 15000 RMB / ton, 3305E reports 15500 RMB / ton, and 3308E reports 15600 RMB / ton. Ningbo Shunze acrylonitrile-butadiene has stable factory price. Now, acrylonitrile-butadiene 3355 reports 15400 RMB / 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. Meanwhile, the demand of downstream is weak.

On the other hand, the overall start-up of acrylonitrile-butadiene rubber enterprises has been reduced. 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 it to some extent.

Outlook for the future

According to acrylonitrile-butadiene rubber analysts of SunSirs, the sharp decline in the price of raw materials and the overall low price of goods created a negative situation for acrylonitrile-butadiene rubber.

On the other hand, 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. It is expected that the acrylonitrile-butadiene rubber market will maintain a slight weak operation in the later stage.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 

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