SunSirs: China NBR Market is Rising

Recently (9.1-9.11), the nitrile rubber market has slightly increased. According to the Commodity Market Analysis System of SunSirs, as of September 11th, the price of nitrile rubber was 14,850 RMB/ton, an increase of 5.13% from 14,125 RMB/ton at the beginning of the month. The price of raw material butadiene has significantly increased, while the price of acrylonitrile has slightly increased, resulting in an increase in the cost of nitrile rubber; Downstream inquiries are often made on demand, resulting in relatively flat market transactions. Recently, the factory prices of nitrile rubber such as Lanhua, Shunze, and Nandi have all increased to varying degrees. As of September 11th, the mainstream market report for Lanhua Nitrile 3305 in East China was 13,800-14,200 RMB/ton; The mainstream price of Nandi Nitrile 1052 is 15,900-16,100 RMB/ton; Shunze nitrile 3355 mainstream reported at 15,500-15,700 RMB/ton.

Recently (9.1-9.11), the price of raw material butadiene has significantly increased, while the price of acrylonitrile has slightly increased, resulting in an increase in the cost of nitrile rubber. According to the Commodity Market Analysis System of SunSirs, as of September 11th, the price of butadiene was 8,592 RMB/ton, an increase of 12.67% from 7,626 RMB/ton at the beginning of the month; As of September 11th, the price of acrylonitrile has increased by 2.21% at 9,237 RMB/ton compared to 9,037 RMB/ton at the beginning of the month.

Recently (9.1-9.11), the construction of domestic nitrile rubber plants has slightly increased and then decreased. At the beginning of the month, the Taiwan rubber nitrile plant was shut down for maintenance, and the Jinpu nitrile plant, which was shut down before September 10th, was restarted. The supply side of nitrile rubber is relatively tight.

The downstream rubber hose, automotive parts, and other rubber product industries have started stable operations, and the overall demand for nitrile rubber continues to be high, with a general on-site trading atmosphere; The domestic nitrile rubber market has a tight supply of goods, low inventory of enterprises, and many merchants are adjusting their factory prices.

SunSirs nitrile analysts believe that the current supply of nitrile rubber is relatively tight, and the downstream just needs to support the transaction atmosphere is average. It is expected that in the short term, the nitrile rubber market will rise and consolidate.

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