SunSirs: Minor Consolidation of China NBR Market Trends

Recently (3.18-3.27), the market situation of NBR has slightly improved. According to the Commodity Market Analysis System of SunSirs, as of March 27th, the price of NBR was 15,450 RMB/ton, an increase of 0.16% from 15,425 RMB/ton on March 18th. The high price consolidation of raw material butadiene and a slight increase in the price of acrylonitrile have continued to support the cost of NBR; Downstream factories often purchase according to demand, with weak support from the demand side for NBR. General inventory of NBR enterprises; Alantai Rubber's 30,000 ton/year NBR plant is scheduled to be shut down for maintenance in early April, and the supply of NBR is expected to further decline. As of March 27th, the mainstream market price for Lanhua 3305 in East China is around 14,500-14,600 RMB/ton; The mainstream market price for Russian nitrile 3665 is around 14,400-14,600 RMB/ton; The mainstream market price for Nandi Nitrile 1052 is around 17000-17,500 RMB/ton.

Recently (3.18-3.27), the high price of raw material butadiene has been consolidated, and the price of acrylonitrile has slightly increased. The cost of NBR continues to support. According to the commodity market analysis system of SunSirs, as of March 27th, the price of butadiene was 11,525 RMB/ton, which is 0.07% lower than the price on March 18th; As of March 27th, the price of acrylonitrile was 9,862 RMB/ton, an increase of 2.33% compared to the price of 9,637 RMB/ton on March 18th.

Recently, the production of downstream NBR hoses in China has remained around 6.2%, while the production of insulation foam has slightly decreased to around 6.3%. The demand is facing weak support from the NBR market.

SunSirs nitrile analysts believe that currently, the high cost of butadiene and acrylonitrile raw materials for NBR is supported by high prices; Downstream construction is temporarily stable, inquiries are cautious, maintaining weak support for NBR; The supply of NBR is expected to decline in the later stage, and it is expected that the NBR market will fluctuate and consolidate in the later stage.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.