SunSirs: China NBR Market Continues to Rise

Last week, the market for NBR rose. According to the Commodity Market Analysis System of SunSirs, as of September 17th, the price of NBR was 15,525 RMB/ton, an increase of 4.55% from 14,850 RMB/ton at the beginning of the month. The prices of raw materials such as butadiene and acrylonitrile have slightly increased, while the cost of NBR has slightly increased; Downstream inquiries are often made on demand, resulting in relatively flat market transactions. Recently, the factory prices of NBR such as Lanhua, Shunze, and Nandi have all increased to varying degrees. As of September 17th, the mainstream market report for Lanhua Nitrile 3305 in East China was 15,500-15,700 RMB/ton; The mainstream price of Sibul nitrile 3365 is 14,400-14,600 RMB/ton; Shunze nitrile 3355 mainstream reported at 15,500-15,700 RMB/ton.

Last week, the prices of raw materials butadiene and acrylonitrile slightly increased, and the cost of NBR increased. According to the Commodity Market Analysis System of SunSirs, as of September 17th, the price of butadiene was 8,660 RMB/ton, an increase of 0.79% from Monday's 8,592 RMB/ton; As of September 17th, the price of acrylonitrile has increased by 0.68% from Monday's 9,237 RMB/ton at 9,300 RMB/ton.

Last week, there was a slight fluctuation in the construction of domestic NBR plants, and the supply of NBR was relatively tight.

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

SunSirs NBR analysts believe that the current supply of NBR is relatively tight, and the downstream just needs to support the transaction atmosphere is average. It is expected that the NBR market will consolidate at a high level in the short term.

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