SunSirs: The Market Situation of NBR Rose first and then Fell, with High Points Falling Back

Last week (9.15-9.22), the NBR market rose first and then fell, with a high point falling back. According to the Commodity Market Analysis System of SunSirs, as of September 22, the price of NBR was 15,525 RMB/ton, a decrease of 0.80% from the high point of 15,650 RMB/ton in the cycle, and remained unchanged on Friday. 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, NBR plants such as Jinpu and Arantai Rubber have restarted, and the market supply has slightly increased compared to the previous period. The overall stability of enterprise quotations and slight adjustments in merchant quotations. As of September 22, the mainstream market report for Lanhua Nitrile 3305 in East China was 15,100-15,300 RMB/ton; The mainstream price of Sibul nitrile 3365 is 14,500-14,700 RMB/ton; Shunze nitrile 3355 mainstream reported at 15,900-16,100 RMB/ton.

Last week (9.15-9.22), 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 22, the price of butadiene was 8,747 RMB/ton, an increase of 1.01% from Friday's 8,660 RMB/ton; As of September 22nd, the price of acrylonitrile has increased by 1.21% from Monday's 9,300 RMB/ton at 9,412 RMB/ton.

In the domestic NBR market, some brands have tight supply and strong prices, but downstream rubber product industries such as rubber hoses and automotive parts often purchase NBR on demand, resulting in a slightly stagnant trading atmosphere on the market.

SunSirs NBR analysts believe that the current supply of NBR is temporarily stable, and with the rise of nitrile prices, downstream inquiries are more on demand. It is expected that the NBR market will consolidate at a high level in the short term.

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