SunSirs: The Vinyl Cyanide-butadiene Rubber Market Rose Slightly This Week (March 4-11)

Price trend

This week (March 4-11), the vinyl cyanide-butadiene rubber market rose slightly. According to the monitoring of SunSirs, the price of vinyl cyanide-butadiene rubber was 24,075 RMB/ton as of March 11, up 1.37% from last Friday's 23,750 RMB/ton.

Analysis review

The domestic vinyl cyanide-butadiene rubber market quotation was higher. According to the monitoring of SunSirs, as of March 11, the mainstream market of Lanhua’s vinyl cyanide-butadiene rubber N41E reported 24,000 RMB/ton; 3305E mainstream reported 24,300 RMB/ton; and 3308E mainstream reported 24,700 RMB/ton; the mainstream market price of Shunze’s vinyl cyanide-butadiene rubber 3355 was 23,300 RMB/ton; and the mainstream price of Nandi’s vinyl cyanide-butadiene rubber1052 was 25,000 RMB/ton. The construction of the downstream rubber products industry continued to rise slightly, and the support for vinyl cyanide-butadiene rubber was improved.

The price of butadiene continued to rise this week, the price of vinyl cyanide fluctuated slightly, and the cost had support for vinyl cyanide-butadiene rubber. According to the monitoring of SunSirs, as of March 11, the price of butadiene was 9,286 RMB/ton, an increase of 9.11% from last Friday's 8,511 RMB/ton; As of March 11, the price of vinyl cyanide was 11,700 RMB/ton, down 0.51% from last Friday's 11,760 RMB/ton; the low price of vinyl cyanide during the week was 11,620 RMB/ton.

Market outlook

The vinyl cyanide-butadiene rubber analyst of SunSirs believes that the supply side of vinyl cyanide-butadiene rubber was not under pressure this week, coupled with the promotion of raw material costs, under the trend of increasing downstream operating rates, the vinyl cyanide-butadiene rubber market is expected to rise steadily in the later stage.

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