SunSirs: China NBR Market was Stable (February 1-5)
February 08 2021 13:29:18 SunSirs (Selena)
Last week (2.1-2.5), the price of NBR was mainly stable. According to the monitoring of SunSirs, the price of NBR was stable at 18,866.67 yuan / ton last week and 18,266.67 yuan / ton at the weekend, with a price drop of 2.12%.
The ex-factory price of NBR in China is basically stable. According to the monitoring of SunSirs, as of February 5, the price of NBR in Lanzhou Petrochemical Company was stable: N41E was 15,200 yuan / ton; 3305E was 16,300 yuan / ton; 3308E was 16,600 yuan / ton; the ex-factory price of NBR3355 in Ningbo Shunze was stable, 16,500 yuan / ton. At present, the ex-factory price of NBR is stable, and there is no market near the Spring Festival. The mainstream market of NBR N41E is 15,600-15,900 yuan / ton, and Shunze 3355 is around 17,000 yuan / ton.
The price of raw materials decreased slightly, and the cost did not support nitrile. According to the monitoring of SunSirs, as of February 5, the butadiene price was 6,051 yuan / ton, down slightly 0.08% compared with 6,056 yuan / ton at the beginning of the week.
Finally, the operating rate of NBR downstream rubber products is low in the near future, the demand is weak near the Spring Festival, and there is little willingness to replenish more storage in the downstream, which weakens the support for NBR.
SunSirs NBR analysts believe that raw material prices are low, downstream demand is weak, and China NBR is mainly weak and stable before the Spring Festival.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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