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SunSirs: Cost support, China NBR Market Had a Significant Increase in September

https://www.chemnet.com   Oct 07,2023 SunSirs
The market for NBR increased significantly in September. According to the Commodity Market Analysis System of SunSirs, as of September 28th, the price was 15,900 RMB/ton, an increase of 12.57% from 14,125 RMB/ton at the beginning of the month. In September, the prices of butadiene and acrylonitrile, the raw materials for NBR, significantly increased, and the cost center of NBR increased; Downstream inquiries for NBR remain on demand, and market transactions are average. In September, domestic nitrile units such as Jinpu and Taixiang underwent maintenance. The overall market supply pressure was not high, and some brand resources were tight, resulting in a firm increase in factory prices for enterprises. At the end of the month, some downstream factories were shut down for vacation, and transactions for NBR were light. Some merchants offered small discounts on shipments. As of September 28th, the mainstream market price of Lanhua Nitrile 3305 in East China was 14,900-151,00 RMB/ton; The mainstream price of Nandi Nitrile 1052 is 17,500-17,700 RMB/ton; Shunze Nitrile 3355 mainstream reported at 15,900-16,100 RMB/ton.



In September, the prices of raw materials butadiene and acrylonitrile significantly increased, and the cost of NBR increased. According to the Commodity Market Analysis System of SunSirs, as of September 28th, the price of butadiene was 8,710 RMB/ton, an increase of 14.21% from 7,626 RMB/ton at the beginning of the month; As of September 28th, the price of acrylonitrile was 9,825 RMB/ton, an increase of 8.71% from 9,037 RMB/ton at the beginning of the month.

In September, the downstream rubber hose, automotive parts and other rubber product industries started construction steadily, and overall demand for procurement continued. The supply of some grades of NBR on site was tight, and the price of NBR remained high; As the end of the month approaches, downstream construction starts to decline, and market transactions are light, with some merchants slightly loosening their offers.

Nitrile Analysts believe that the current supply of NBR is temporarily stable, but the Nandi Nitrile Plant is scheduled to undergo maintenance in October. The pressure on the supply side in the later stage is still relatively low, and the downstream just needs to support the transaction atmosphere. However, the high price of raw materials is supported, and it is expected that the NBR market will consolidate at a high level in the short term.

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