SunSirs: The Acrylonitrile-Butadiene Rubber Market Was Stable This Week (February 25 - Mar 4)
March 07 2022 14:05:58 SunSirs (John)
Price trend
This week (2.25-3.4) the acrylonitrile-butadiene rubber market was stable. According to the monitoring of SunSirs, the price of acrylonitrile-butadiene rubber was 23,750 RMB/ton as of March 4.
Analysis review
The domestic acrylonitrile-butadiene rubber market quotations were stable with slightly adjusted. According to the monitoring of SunSirs, as of March 4, the mainstream market price of Lanzhou Petrochemical Company’s acrylonitrile-butadiene rubber N41E was 22,800 RMB/ton; the mainstream price of acrylonitrile-butadiene rubber 3305E was 23,000 RMB/ton; the mainstream price of acrylonitrile-butadiene rubber 3308E was 23,300 RMB/ton; the mainstream market price of Ningbo shunze Rubber Co., Ltd’s acrylonitrile-butadiene rubber 3355 was 22,800 RMB/ton. The downstream rubber products industry continued to maintain a low level of construction, and the support for acrylonitrile-butadiene rubber was weak.
The price of butadiene continued to rise this week, the price of acrylonitrile rebounded sharply, and the cost had support for acrylonitrile-butadiene rubber. According to the monitoring of SunSirs, as of March 4, the price of butadiene was 8,511 RMB/ton, up 1.65% from the price of 8,372 RMB/ton on Friday; as of March 4, the price of acrylonitrile was 11,900 RMB/ton, up 4.57% from the previous Friday's 11,380 RMB/ton.
Market outlook
Nitrile analysts of SunSirs believe that the increase in demand for acrylonitrile-butadiene rubber this week is not obvious, but the pressure on the supply side is not large. It is expected that acrylonitrile-butadiene rubber will fluctuate slightly in the short term, and there may be opportunities to explore prices later as demand recovers.
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