NBR market continued to fall in early July

In the first ten days of July, the market situation of nitrile rubber continued to be weak. According to the monitoring of business community, the price of nitrile rubber was 19025 yuan / ton as of July 10, down 2.44% from 19500 yuan / ton on July 1.

 

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Since July, Lanzhou Petrochemical’s 100000 t / a nitrile rubber plant has been operating normally, and the start-up of nitrile rubber industry has increased slightly compared with the previous period. Except for some brands, the supply of nitrile rubber in the market is still relatively sufficient.

 

In the first ten days of July, the prices of butadiene and acrylonitrile fell, and the cost side weakened. According to the monitoring of business news agency, as of July 10, the price of butadiene was 10184 yuan / ton, down 2.09% from 10402 yuan / ton on July 1; As of July 10, the price of acrylonitrile was 10700 yuan / ton, down 1.47% from 10860 on July 1.

 

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The downstream operation of nitrile rubber continued to be low, and the demand side was weak. According to the business agency, the downstream insulation foaming, rubber hose and other industries started in the vicinity of 50-60%, and more on-demand procurement, NBR market fell slightly.

 

Aftermarket forecast: NBR analysts of business society believe that at present, the supply and demand of NBR are deadlocked, and the international crude oil price is lower again. It is expected that the NBR market will be in a weak consolidation state in the short term.

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