SunSirs: The Market Situation of China NBR has slightly Declined

Recently (4.1-4.15), the NBR market has slightly declined. According to the Commodity Market Analysis System of SunSirs, as of April 15th, the price of NBR was 15,275 RMB/ton, a decrease of 1.13% from 15,450 RMB/ton on the 1st. The prices of raw materials such as butadiene and acrylonitrile have risen, and the cost of NBR continues to support it; Downstream production has declined, resulting in weak demand for NBR. General inventory of NBR enterprises; Alantai Rubber and Ningbo Shunze NBR have parked, and the pressure on the supply side of NBR has been relieved. As of April 15th, the mainstream market price for Lanhua 3305 in East China is around 14,300-14,400 RMB/ton; The mainstream market price for Russian nitrile 3665 is around 14,300-14,400 RMB/ton; The mainstream market price for Nandi Nitrile 1052 is around 17,000-17,200 RMB/ton.

Recently (4.1-4.15), the prices of raw materials butadiene and acrylonitrile have increased, and the cost of NBR continues to support. According to the commodity market analysis system of SunSirs, as of April 15th, the price of butadiene was 11,700 RMB/ton, an increase of 1.52% from 11,525 RMB/ton on the 1st; As of April 15th, the price of acrylonitrile was 10,362 RMB/ton, an increase of 4.02% compared to the price of 9,962 RMB/ton on April 1st.

Recently, the production of downstream NBR hoses in China has remained around 5.5%, while the production of insulation foam has slightly decreased to around 5.5%. Downstream inquiries about NBR are small, and market transactions are light. The overall demand for NBR is weak.

From a fundamental perspective, SunSirs nitrile analysts believe that currently, the high cost of butadiene and acrylonitrile raw materials for NBR is supported by high prices; Downstream production is declining, inquiries are cautious, and the impact on NBR is bearish; The downward pressure on the supply of NBR has eased, and it is expected that the NBR market will fluctuate and consolidate in the later period.

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