SunSirs: China NBR Market Continued to Weaken on April 21
April 22 2021 11:16:11     SunSirs (Selena)Commodity name: NBR
Latest price (April 21): 21,566 RMB/ ton
According to the monitoring of SunSirs, China domestic price of NBR was 21,566 RMB/ ton on April 21, down 1.52% compared with the previous day. The price of raw butadiene is at a low level and the cost is bad. According to SunSirs, as of April 21, the price of butadiene was 6,696 RMB/ ton, down 9.69% from the beginning of April. In addition, the demand of downstream products industry is general, and inquiries for high price goods are rare. On April 21, the price of NBR of Lanzhou Petrochemical Company decreased 1,400 RMB/ ton, and the ex-factory price of NBR N41 of Lanzhou Petrochemical Company was 18,200 RMB/ ton.
Future forecast: the cost side is lower, the demand side is weaker, and it is expected that the market price of NBR will continue to be weaker in the short term in China.
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