SunSirs: China NBR Market slightly Declined in November

The NBR market slightly declined in November. According to the Commodity Market Analysis System of SunSirs, as of November 30th, the price was 14,675 RMB/ton, a decrease of 2.57% from 15,062 RMB/ton at the beginning of the month. In November, the raw material of NBR, butadiene, was strong in the early stage and fell at the end of the month. The price of acrylonitrile first rose and then fell, and then fell back to a high level. The cost center of NBR shifted downwards at the end of the month; Downstream inquiries for NBR are on demand, and market transactions are average. In November, the nitrile production units of Zhenjiangnan Emperor and Ningbo Shunze successively shut down and restarted. Except for a few brands of nitrile, the overall supply in the market is loose, and some enterprises have slightly lowered their factory prices. As of November 30th, the mainstream market price of Lanhua Nitrile 3305 in East China is 14,000-14,200 RMB/ton; The mainstream price of Nandi Nitrile 1052 is 16,300-16,500 RMB/ton; Shunze nitrile 3355 mainstream reported at 14,300-14,500 RMB/ton; The mainstream price of Xibul nitrile 3365 is 13,300-13,400 RMB/ton.

In November, the price of raw material butadiene remained strong in the early stage and decreased at the end of the month, while the price of acrylonitrile rose first and then fell, causing a rebound. The cost of NBR supported a weakening at the end of the month. According to the Commodity Market Analysis System of SunSirs, as of November 30th, the price of butadiene was 9,125 RMB/ton, a decrease of 4.11% from 9,516 RMB/ton at the beginning of the month; As of November 30th, the price of acrylonitrile was 10,100 RMB/ton, an increase of 5.62% from 9,562 RMB/ton at the beginning of the month, and the highest point in the cycle was 10,250 RMB/ton.

In November, downstream rubber product industries such as rubber hoses, automotive parts, and thermal insulation foam saw a steady decline in production, with the rubber hose industry gradually dropping to around 5.8%. The purchase of NBR was mainly based on demand with small orders, and market transactions were average. The demand for NBR supported weak demand.

SunSirs nitrile analysts believe that the current supply of NBR is mainly loose, but the downstream demand support for transactions is average. The price of raw material butadiene acrylonitrile has fallen by the end of the month, and it is expected that the NBR market will be weak and consolidate in the short term.

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