SunSirs: China NBR Market continued to Rise in August
September 02 2021 13:59:29 SunSirs (Selena)
In August, the market of nitrile rubber continued to rise. According to the monitoring of SunSirs, the price of nitrile rubber was 22,200 RMB/ ton at the beginning of the month and 23,400 RMB/ ton at the end of the month. At the end of the month, it increased by 5.41% compared with the beginning of the month.
The supply side of domestic NBR is basically stable, the enterprise inventory is small, the ex-factory price of NBR increases, and the demand side just needs support. It is understood that the ex-factory price of domestic Lanhua NBR increased significantly in August. As of August 31, Lanzhou Petrochemical N41E reported 21,000 RMB/ ton, 3305E reported 22,100 RMB/ ton and 3308E reported 23,200 RMB/ ton. Traders' offers rose.
In August, the price of raw butadiene fell, the price of acrylonitrile fluctuated in a narrow range, and the cost side was slightly empty. According to the monitoring of SunSirs, as of August 31, the price of butadiene was 10,565 RMB/ ton, down 6.6% from 11,312 RMB/ ton at the beginning of the month; Acrylonitrile in East China port was quoted around 14,600-15,000 RMB/ ton in August.
SunSirs NBR analysts believe that the peak sales season is coming, and the inventory pressure of NBR enterprises is not large. It is expected that the price of China NBR may rise again in the later stage.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-17 SunSirs: The Market Situation of China NBR has slightly Declined
- 2024-04-03 SunSirs: China NBR Market Showed a Slight Upward Trend in the March
- 2024-03-28 SunSirs: Minor Consolidation of China NBR Market Trends
- 2024-03-20 SunSirs: Narrow Range Consolidation of China NBR Market Trend
- 2024-03-12 SunSirs: China NBR Market slightly Rises
