SunSirs: China NBR Market continued to Fall slightly in July

In July, the market of NBR continued to fall slightly. According to the Commodity Market Analysis System of SunSirs, as of July 29th, the price was at 13,800 RMB/ton, a decrease of 1.60% from 14,025 RMB/ton at the beginning of the month. In July, the price of butadiene, the raw material of NBR, rose significantly, the price of acrylonitrile rose slightly, and the cost of NBR rose to a certain extent; A small amount of downstream inquiries of NBR, and the market transaction is generally flat; The operation of the industrial chain is mainly weak. In late July, some NBR units of Lanhua were restarted, and the market supply was more relaxed than in the early period. As of July 29, the mainstream report of Lanhua's nitrile 3305 market in East China was 13,300-13,400 RMB/ton; The mainstream price of Nandi Nitrile 1052 is 15,100-15,300 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 July, the domestic NBR plant started slightly higher, the plant of Nandi, Shunze and other enterprises operated normally, and part of the nitrile plant of Lanhua was restarted. The market resource supply increased compared with the previous period, but Jinpu plant was scheduled to be overhauled in August, when the supply of some brands in the market was expected to be tight.

In July, the price of raw material butadiene rose significantly, the price of acrylonitrile rose slightly, and the cost of NBR rose. According to the Commodity Market Analysis System of SunSirs, as of July 29th, the price of butadiene was 7,201 RMB/ton, an increase of 20.56% from 5,973 RMB/ton at the beginning of the month; As of July 29th, the price of acrylonitrile was 8,025 RMB/ton, an increase of 1.74% from 7,887 RMB/ton at the beginning of the month.

The downstream of NBR starts at a low level, and the rubber hose industry starts at a low level. The overall downstream purchase volume is small, and the low price supply shipment is relatively smooth. The demand for NBR is weak.

SunSirs NBR analysts believe that the downstream demand side of NBR is weak and the supply side is slightly increased. It is expected that the market of NBR is weak and consolidated in the short term.

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