SunSirs: China NBR Market continues to be Weak

Last week (6.5-6.12), the NBR market continued to be weak. According to the commodity market analysis system of SunSirs, as of June 12, the price of NBR was 14,525 RMB/ton, down 1.19% from 14,700 RMB/ton last Monday. The price of raw material butadiene and acryloNBR fell, and the cost of NBR declined; Downstream demand is weak, and market transactions are still relatively flat. Last week, the factory prices of some NBR enterprises decreased slightly. At present, the mainstream market of Lanhua NBR 3305 in East China is 13,500-13,800 RMB/ton; The mainstream price of Nandi NBR 1052 is 16,000-16,200 RMB/ton; Sibur 3365 reported 13,800-14,000 RMB/ton; Shunze NBR 3355 mainstream reported 14,000-14,200 RMB/ton.

Last week (6.5-6.12), the prices of raw materials butadiene and acrylonitrile fell, and the cost of NBR declined. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the price of butadiene was 6,317 RMB/ton, a decrease of 0.96% from last Monday's 6,378 RMB/ton; As of June 12th, the price of acrylonitrile decreased by 1.81% from last Monday's 8,287 RMB/ton at 8,137 RMB/ton.

Zhenjiang Nandi, Shunze, Lanhua, Alang and other NBR plants operate normally. At present, the supply of NBR is basically stable. Lanzhou Petrochemical NBR Plant plans to stop for maintenance recently.

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

NBR analysts from SunSirs believe that at present, the supply of NBR is stable, and the downstream inquiry increase is not obvious. It is expected that in the short term, NBR industry chain is in a weak situation, and NBR prices will be adjusted at a low level; In the later period, the maintenance of NBR plant of Lanzhou Petrochemical will reduce the supply of NBR market slightly, and then the market of some NBR brands will rise slightly; In the medium and long term, the rising market of NBR still needs the recovery of downstream demand.

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