SunSirs: China NBR Market has slightly Increased

Recently (12.29-1.5), the market situation of NBR has slightly increased. According to the Commodity Market Analysis System of SunSirs, as of January 5th, the price of NBR was 14,550 RMB/ton, an increase of 0.52% from last Friday's 14,475 RMB/ton. The price of raw material butadiene continues to rise, while the price of acrylonitrile slightly decreases, and the cost of NBR continues to support; In winter, downstream production gradually enters a low level during the off-season, and the demand for NBR is weak. The market price of NBR has slightly increased in the short term due to the expected reduction in butadiene production. As of January 5th, the mainstream market price of Lanhua Nitrile 3305 in East China is 14,000-14,200 RMB/ton; Shunze nitrile 3355 mainstream reported 14,200-14,600 RMB/ton; Nandi Nitrile 1052 is priced at 16,200-16,500 RMB/ton.

Recently (12.29-1.5), the price of raw material butadiene continued to rise, while the price of acrylonitrile weakened slightly, and the cost of NBR continued to support. According to the Commodity Market Analysis System of SunSirs, as of January 5th, the price of butadiene was 8,750 RMB/ton, an increase of 2.04% from last Friday's 8,575 RMB/ton; As of January 5th, the price of acrylonitrile was 9,762 RMB/ton, a decrease of 0.51% from last Friday's 9,812 RMB/ton.

The production of downstream NBR hoses in China has dropped to a low level of around 5.3%, while the production of rubber insulation foam has dropped to around 5.9%, both of which are lower than the previous period. The demand for NBR is weak and biased towards empty demand.

Market forecast: SunSirs nitrile analyst believes that although the cost of NBR is supported by the rise in raw material prices, the supply of NBR is relatively sufficient, and downstream inquiries are flat. Overall, it is expected that the NBR market may weaken slightly in the future.

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