SunSirs: China NBR Market slightly increased in August

The NBR market slightly increased in August. According to the Commodity Market Analysis System of SunSirs, as of August 28th, the price was 14,125 RMB/ton, an increase of 2.36% from 13,800 RMB/ton at the beginning of the month. In August, the prices of butadiene and acrylonitrile as raw materials for NBR increased, resulting in a certain degree of increase in the cost of NBR; Downstream NBR maintains on-demand inquiries, with a small amount of transactions in the market. Starting from August 10th, the 15,000 ton unit of Lanzhou Petrochemical was restarted to normal operation; Starting from August 8th, Jinpu Yingsa's 30,000 tons/year NBR parking and maintenance, the market supply has slightly tightened compared to the previous period. As of August 28th, the mainstream market price for Lanhua nitrile 3305 in East China was 13,800-14,000 RMB/ton; The mainstream price of Nandi Nitrile 1052 is 15,300-15,500 RMB/ton; The mainstream price of Sibul nitrile 3365 is reported at 13,000-13,200 RMB/ton; Shunze nitrile 3355 mainstream reported at 13,900-14,200 RMB/ton.

In August, the prices of raw materials butadiene and acrylonitrile increased, and the cost of NBR increased. According to the Commodity Market Analysis System of SunSirs, as of August 28th, the price of butadiene was 7,618 RMB/ton, an increase of 5.80% from 7,201 RMB/ton at the beginning of the month; As of August 28th, the price of acrylonitrile was 8,462 RMB/ton, an increase of 4.15% from 8,125 RMB/ton at the beginning of the month.

The downstream rubber product industry, such as rubber hoses and automotive parts, mainly has small inquiries, with a small number of transactions in the market. Overall, it continues to be a demand for procurement, and the trading atmosphere on the market is average. There is pressure for high price transactions of nitrile; At the end of the month, there were some deliveries in the Lanhua NBR market, which eased the tight supply situation.

SunSirs nitrile analysts believe that the current supply of NBR is temporarily stable, and the downstream just needs to support the transaction atmosphere is average. However, the high price of NBR in the external market is supported, and it is expected that the NBR market will consolidate in a narrow range in the short term.

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