SunSirs: China NBR Market is Weak and Volatile

Recently (7.15-7.25), the market of NBR is weak and volatile. According to the commodity market analysis system of SunSirs, as of July 25, the price of NBR was 13,875 RMB/ton, down 1.60% from 14,100 RMB/ton in the middle of the month. The price of raw material butadiene is higher, the price of acrylonitrile is slightly lower, and the cost of NBR fluctuates slightly; Downstream demand continues to be weak, and market transactions remain relatively flat. The ex factory price of NBR enterprises is temporarily stable this week. At present, the mainstream market of Lanhua Nitrile 3305 in East China is 13,300-13,500 RMB/ton; The mainstream price of Nandi Nitrile 1052 is 15,300-15,500 RMB/ton; Sibur Nitrile 3365 mainstream reported 12,300-12,500 RMB/ton; Shunze nitrile 3355 mainstream reported at 13,700-14,000 RMB/ton.

In the recent period (7.15-7.25), the price of raw butadiene has risen, the price of acrylonitrile has declined slightly, and the cost of NBR has fluctuated slightly compared with the previous period. According to the Commodity Market Analysis System of SunSirs, as of July 25th, the price of butadiene was at 7,143 RMB/ton, an increase of 5.35% from 6,781 RMB/ton in the middle of the month; As of July 25th, the price of acrylonitrile decreased by 1.38% from the mid month's 8,137 RMB/ton at 8,025 RMB/ton.

NBR analysts from the business community believe that the supply of NBR is increasing slightly at present, and the downstream inquiries are general, so it is expected that the market of NBR will continue to weaken and consolidate in the short term; In the later period, although Jinpu device will be shut down for maintenance, Lanhua nitrile device is planned to restart, and the overall supply pressure will increase slightly. If there is no significant increase in downstream demand, NBR will still be subject to shock consolidation.

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