NBR market weak and stable (3.23-3.27)

In this week (3.23-3.27), the price of NBR continued to be weak. According to the monitoring, the price of NBR this week was 14866 yuan / ton, which was stable and weak as a whole.

 

From the aspect of raw materials, the price of raw materials is low, and the cost is negative in the face of NBR: according to the understanding of the business community, the price of raw materials butadiene is low due to the drop in crude oil price. At the beginning of this week, the price of butadiene is 5845 yuan / ton, and at the end of this week, the price is 5578 yuan / ton, down 4.57% as a whole.

 

From the perspective of NBR enterprises, the overall operating rate of NBR enterprises is around 70%, the ex factory price of NBR is basically stable, and some of them are not quoted. According to the business association, the NBR unit of Lanzhou Petrochemical Co., Ltd. operates normally with stable ex factory price. At present, n41e reports 14000 yuan / ton and 3305e reports 14500 yuan / ton. Nandi’s NBR unit operates normally with the mainstream price of 15700-16000 yuan / ton in 1052 market.

 

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In terms of the downstream, the overall operating rate of the downstream is still insufficient, the delivery of NBR is not ideal, and the downstream procurement is weak, which has a strong negative effect on NBR.

 

Outlook for the future

 

According to the NBR analysts of the business club, the price of raw materials has fallen sharply, and the downstream purchase on demand has formed a negative situation for NBR as a whole. It is expected that the NBR market will continue to weaken in the later stage.

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