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SunSirs: Rubber: Acrylonitrile-Butadiene Rubber Maintains Stable (November 18-22)

November 27 2019 08:37:19     SunSirs (Daisy)

1. Price Trend

Last week (November 18-22), the price of acrylonitrile-butadiene rubber is mainly stable. The price of acrylonitrile-butadiene rubber is 16,400 RMB/ton, and the overall price rises by 0%.

2. Market Analysis

Low prices for raw materials- 1,3-butadiene.  

The price of 1,3-butadiene is low and the support for price of acrylonitrile-butadiene rubber has weakened. According to the data from SunSirs, last week (November 18-22), the price of  1,3-butadiene was 8,634 RMB/ ton at the beginning of the week and was 8,590 RMB/ton at the weekend, with a slight decline of 0.51% overall.

The factory price of petrochemical product is stable.

The equipment of domestic acrylonitrile-butadiene manufacturers is operating normally.  The ex-factory price of acrylonitrile-butadiene rubber is stable, and the overall operating rate of the acrylonitrile-butadiene rubber equipment is around 70%. According to SunSirs’ observation, Lanzhou Petrochemical's 65,000-tons-per-year unit is operating normally. The ex-factory price of blue acrylonitrile-butadiene rubber is stable this week, and the current N41E price is 14,700 RMB/ton.

Most downstream inquiries base on exact needs.

The demand of acrylonitrile-butadiene rubber downstream is weak. Most inquiries about acrylonitrile-butadiene rubber are dependent on downstream current needs. The overall acrylonitrile-butadiene rubber market is relatively weak and stable.

3. Market Forecasting

According to Xu Xiaokun, an analyst at SunSirs, the price of raw materials is low, and downstream inquiries base on exact demand. The overall price of acrylonitrile-butadiene rubber is slightly weak. However, driven by the surge in Shanghai rubber and general synthetic rubber, it is expected that the acrylonitrile-butadiene rubber market may increase tentatively in the later period.

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