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%.
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.
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.