SunSirs: China NBR Market Showed a Slight Upward Trend in the March

https://www.chemnet.com   Apr 03,2024 SunSirs

　　The market for NBR slightly increased in March. According to the Commodity Market Analysis System of SunSirs, as of March 31st, the price was 15,450 RMB/ton, an increase of 1.48% from 15,225 RMB/ton at the beginning of the month. In March, the prices of butadiene and acrylonitrile raw materials for NBR slightly increased, and the cost center of NBR slightly increased; The low demand for downstream rubber hoses, insulation foam and other industries in the NBR industry is a strong support for the demand for nitrile. Stable operation of NBR equipment; The market situation of NBR has slightly increased. As of March 31st, the mainstream market price of Lanhua Nitrile 3305 in East China is 14,500-14,600 RMB/ton; The mainstream price of Nandi Nitrile 1052 is 17,300-17,500 RMB/ton; Shunze nitrile 3355 mainstream reported 15,500-15,600 RMB/ton; The mainstream price of Cebu nitrile 3365 is 14,300-14,400 RMB/ton.

　　In March, the prices of raw materials butadiene and acrylonitrile slightly increased, and the cost of NBR continued to support. According to the Commodity Market Analysis System of SunSirs, as of March 31st, the price of butadiene was 11,525 RMB/ton, an increase of 3.88% from 11,095 RMB/ton at the beginning of the month; As of March 31st, the price of acrylonitrile was 9,937 RMB/ton, an increase of 4.47% from 9,512 RMB/ton at the beginning of the month.

　　In March, the production of downstream NBR hoses in China remained at a low level of around 60-62%, and the production of rubber insulation foam was around 60-65%. The demand for NBR has strong support.

　　SunSirs nitrile analyst believes that the downstream production of NBR is stable, but the high operating costs of butadiene and acrylonitrile support the strong cost of NBR. Overall, it is expected that the NBR market may continue to rise slightly in the later stage.

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