Price Trend
This week (6.10-6.14) the price of NBR declined weakly. At the beginning of the week, the average price of NBR was 18,800 yuan/ton, and at the end of the week, the average price of NBR was 18,500 yuan/ton, down 1.6%.
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II. Market Trend Analysis
Product supply and demand: This week, the domestic nitrile butadiene plant is running normally. According to the business association, Lanzhou Petrochemical’s 65,000 tons/year plant has been started normally, 15,000 tons/year nitrile butadiene plant has been converted to military industry, and 50,000 tons/year nitrile butadiene plant has started to produce 3305E/3308E. At present, nitrile butadiene rubber 3305E is reported to 17700 yuan/ton, N41E is reported to 17200 yuan/ton, 3308E is reported to 182 yuan/ton, and the price is sold; Ningbo Shunze’s 65,000 tons/year assembly. For production, 28 and 33 series NBR have stable ex-factory prices, currently reported at around 18,500 yuan/ton; 41 series NBR implements a single talk policy. Demand downstream is weak, traders follow the market to deliver goods, the market has a certain drag.
Industry chain: raw material butadiene prices fell slightly this week, the cost of NBR price formation negative. Butadiene dropped 2.33% at 8,590 yuan/ton at the beginning of the week and 8,390 yuan/ton at the end of the week, according to the business association.
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3. Prospects for the Future Market
Xu Xiaokun, an analyst with business associations, believes that on the one hand, the decline in raw material butadiene prices has created a negative impact on the NBR market; on the other hand, the overall market demand is weak, and the price of NBR in the future is expected to show a weak state.