SunSirs: China NBR Market is Weak and Declining

Last week (5.29-6.5), the NBR market was weak and fell. According to the Commodity Market Analysis System of SunSirs, as of June 5th, the price of NBR was 14,700 RMB/ton, a decrease of 5.01% from last Monday's 15475 RMB/ton. The prices of raw materials such as butadiene and acrylonitrile have fallen, while the cost of NBR has declined; Downstream demand is weak, and market transactions are still relatively flat. Last week, some companies have adjusted the factory prices of NBR. At present, the mainstream market price of Lanhua nitrile 3305 in East China is 13,800-14,000 RMB/ton; The mainstream price of Nandi Nitrile 1052 is 16,300-16,500 RMB/ton; The mainstream price of Sibul nitrile 3365 is 13,800-14,000 RMB/ton; Shunze nitrile 3355 mainstream reported at 14,300-14,500 RMB/ton.

Last week (5.22-5.29), the prices of raw materials such as butadiene and acrylonitrile decreased, and the cost of NBR decreased. According to the Commodity Market Analysis System of SunSirs, as of June 5th, the price of butadiene was 6,378 RMB/ton, a decrease of 10.66% from last Monday's 7,140 RMB/ton; As of June 5th, the price of acrylonitrile decreased by 10.89% from last Monday's 9,300 RMB/ton at 8,287 RMB/ton.

Zhenjiang Nandi, Shunze, Lanhua, Alang and other NBR plants are operating normally, and the supply of NBR is currently basically stable. However, there are rumors in the market that the Lanhua nitrile plant is scheduled for maintenance in mid June, and the supply of NBR may slightly tighten at that time.

Downstream rubber hose, automotive parts and other rubber product industries mainly have small inquiries and small transactions in the market.

SunSirs nitrile analysts believe that the current supply of NBR is stable, coupled with the lack of significant downstream inquiry growth, and it is expected that the NBR industry chain will be in a weak situation in the short term, and the price of NBR will consolidate at a low level; In the later stage, if the NBR device is shut down for maintenance, the pressure on the NBR supply may be relieved to some extent, and there may be an upward trend for NBR in the later stage.

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