SunSirs: The Market Situation of China NBR has slightly Declined

Recently (12.11-12.18), the market situation of NBR has slightly declined. According to the Commodity Market Analysis System of SunSirs, as of December 18th, the price of NBR was 14,425 RMB/ton, a decrease of 0.35% from 14,475 RMB/ton on December 11th. The price of raw material butadiene has dropped significantly, the price of acrylonitrile has narrowed, and the cost center of NBR has declined; The downstream gradually enters the low season in winter, with low inquiries and low market transactions. The overall price of NBR in the market is weakly adjusted. As of December 18th, the mainstream market price of Lanhua Nitrile 3305 in East China is 13,500-13,600 RMB/ton; Shunze nitrile 3355 mainstream reported 14,000-14,200 RMB/ton; Nandi Nitrile 1052 is priced at 16,000-16,200 RMB/ton.

Recently (12.11-12.18), the price of raw material butadiene has significantly declined, and the price of acrylonitrile has weakened, resulting in a slight decrease in the cost center of NBR. According to the Commodity Market Analysis System of SunSirs, as of December 18th, the price of butadiene was 8,058 RMB/ton, a decrease of 4.15% from 8,407 RMB/ton on December 11th; As of December 18th, the price of acrylonitrile remained weak and stable at 9,862 RMB/ton.

The production of downstream NBR hoses in China continues to decline slightly to a low level of around 5.9%, while the production of rubber insulation foam is around 6.3%. Be cautious about inquiries about NBR, with a slightly stagnant trading atmosphere on the exchange, resulting in a weakening of the NBR market.

SunSirs nitrile analysts believe that currently, NBR plants are operating normally with relatively sufficient supply and weak downstream inquiries. In addition, the cost side has slightly declined, and it is expected that the NBR market will be weak and volatile in the future.

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