SunSirs: China NBR Market is Weak and Declining

https://www.chemnet.com   Dec 20,2022 SunSirs

　　Last week (12.9-12.16), the market of NBR was weak and declined. According to the monitoring of SunSirs, as of December 16, the price of NBR was 15,000 RMB/ton, down 0.99% from 15,150 RMB/ton last Friday. Since December, the market of NBR has continued to be weak, the demand has continued to be low, and the next inquiry is not active. The ex factory price of NBR of domestic enterprises was stable. As of the 16th, the ex factory report of Lanzhou NBR N41 was 13400 RMB/ton. Narrow adjustment of market offer. At present, the mainstream report of 2665 nitrile in Russia is 13,200-13,400 RMB/ton; The mainstream report of Lanhua Nitrile 3305 is 14,200-14,500 RMB/ton; Nandi Nitrile 1052 reported 17,100-17,400 RMB/ton.

　　Last week (12.9-12.16), the price of raw butadiene rose slightly, while the price of acrylonitrile fell slightly, and the cost support of butadiene acryloNBR was still weak. According to the monitoring of SunSirs, as of December 16, the price of butadiene was 6,755 RMB/ton, up 2.87% from 6,566 RMB/ton last Friday. The price of raw material acrylonitrile declined slightly. According to the monitoring of SunSirs, as of December 16, the price of acrylonitrile was 9,900 RMB/ton, down 1.20% from 10,020 RMB/ton last Friday.

　　Zhenjiang Nandi, Lanhua, Shunze and other NBR plants operate normally, and the pressure on the supply side of NBR continues.

　　Recently, the downstream rubber hose, auto parts and other rubber products industries continued to operate at a low level. The purchase of NBR was sluggish, the market turnover was light, and the demand for NBR was insufficient.

　　Future market forecast: NBR analysts from SunSirs believe that the supply side pressure of NBR is still at present, coupled with weak demand, and it is expected that NBR will be dominated by weak consolidation in the short term. Later, with the launch of stock preparation before 2023, China NBR market may rise slightly.

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