SunSirs--China Commodity Data Group

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SunSirs: China NBR Continued to be Weak on April 20

April 21 2021 10:21:20     SunSirs (Selena)

Commodity name: NBR

Latest price (April 20): 21,900 RMB/ ton

According to the monitoring of SunSirs, the domestic price of NBR was 21,900 RMB/ ton on April 20, down 1.50% compared with the previous day. On one hand, the price of butadiene is at a low level and the cost is short. According to SunSirs, as of April 20, the price of butadiene was 6,696 RMB/ ton, down 9.69% from the beginning of April. On the other hand, after the festival, the demand of some downstream products factories was general, the inquiry was light, and the market merchant's shipment was the main, and the offer was lowered. According to the monitoring of SunSirs, on April 19, the mainstream of Lanhua nitrile 3305 market was 20,800 – 21,300 RMB/ ton, the mainstream of Nandi 1052 market was 24,500 – 25,000 RMB/ ton, the mainstream of Russia 3365 market was 19,000 - 19,200 RMB/ ton, and the mainstream of South Korea LG6250 market was 20,000 - 20,500 RMB/ ton.

Future forecast: the cost side is lower and the demand side is weaker. It is expected that the market price of NBR will remain weak in the short term in China.

 

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