SunSirs: China NBR Market Price Fell slightly on January 27
January 28 2021 15:11:39 SunSirs (Selena)
Commodity name: NBR
Latest price (January 27): 18,266.67 yuan / ton
According to the monitoring of SunSirs, China domestic NBR price was 18,266.67 yuan / ton on January 27, down 0.72% from the previous day. On one hand, the price of butadiene continued to weaken. As of January 27, the butadiene price was 6,057 yuan / ton; On the other hand, under the influence of environmental protection policies, some downstream factories have stopped work or reduced their load in the near future, the demand for NBR is weak, the price of NBR has dropped, and the ex-factory price of some manufacturers has been lowered. On January 26, the ex-factory price of NBR in Ningbo Shunze lowered about 1500 yuan / ton, the ex-factory price of Shunze 3355 was at 16,500 yuan / ton, and the market mainstream price was at about 17,000 yuan / ton.
Near the Spring Festival, the cost side is weakening and the demand side is weakening. It is expected that the market price of NBR will continue to be weak in the short term in China.
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