SunSirs: China NBR Market was Weak

Last week (6.12-6.19), the NBR market continued to be weak. According to the commodity market analysis system of SunSirs, as of June 19, the price of NBR was 14050 RMB/ton, down 3.27% from 14,525 RMB/ton last Monday. The price of raw material butadiene and NBR 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 were slightly lowered. 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; The mainstream report of Sibur NBR 3365 is 12,800-13,000 RMB/ton; Shunze NBR 3355 mainstream reported 13,100-13,300 RMB/ton.

Last week (6.12-6.19), the prices of raw materials butadiene and NBR dropped, and the cost of NBR continued to decline. According to the Commodity Market Analysis System of SunSirs, as of June 19th, the price of butadiene was 5,873 RMB/ton, a decrease of 7.03% from last Monday's 6,317 RMB/ton; As of June 19th, the price of NBR decreased by 4.15% from last Monday's 8,137 RMB/ton at 7,800 RMB/ton.

Zhenjiang Nandi, Shunze, Alang and other NBR plants operate normally. At present, the supply of NBR is basically stable. The 50,000 t/a NBR plant of Lanzhou Petrochemical was shut down for maintenance on June 14.

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 side of NBR is slightly reduced, but with ordinary downstream inquiries, NBR industry chain is expected to be in a weak trend in the short term, and the price of NBR will still be adjusted at a low level; In the later period, with the further reduction of market supply, the market of some NBR brands may rise slightly; In the medium and long term, the rising market of NBR still needs the recovery of downstream demand.

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