SunSirs: China NBR Market slightly declined in June

The market of NBR fell slightly in June. According to the Commodity Market Analysis System of SunSirs, as of June 28th, the price was 14,025 RMB/ton, a decrease of 5.56% from 14,850 RMB/ton at the beginning of the month. In June, the prices of butadiene and acryloNBR, raw materials of NBR, fell, and the cost of NBR declined; A small amount of downstream inquiries of NBR, and the market transaction is generally flat; The operation of the industrial chain is mainly weak. In June, the ex factory price of NBR was significantly reduced, and the market offer was weak. As of June 28, the mainstream market of Lanhua NBR 3305 in East China reported 13,500-13,800 RMB/ton; The mainstream price of Nandi NBR 1052 was 15,700-15,900 RMB/ton; The mainstream report of Sibur NBR 3365 was 12,800-13,000 RMB/ton; Shunze NBR 3355 mainstream reported 13,100-13,300 RMB/ton.

In June, the start of domestic NBR plants declined slightly, and the plants of Nandi, Shunze and other enterprises operated normally. The NBR plants of Lanhua were stopped for maintenance in mid June, and the supply of resources for some brands in the market was relatively reduced.

In June, the price of raw butadiene and acryloNBR fell, and the cost of NBR declined. According to the Commodity Market Analysis System of SunSirs, as of June 28th, the price of butadiene was 5,817 RMB/ton, a decrease of 12.01% from 6,612 RMB/ton at the beginning of the month; As of June 28th, the price of acryloNBR was 7,850 RMB/ton, a decrease of 8.99% from 8,625 RMB/ton at the beginning of the month.

The downstream start of NBR is low, and the start of rubber hose industry is as low as 60%. The overall downstream purchase volume is low, and the low price goods supply is relatively smooth. The demand for NBR is weak.

SunSirs NBR analysts believe that the downstream demand side of NBR is weak and the supply side is slightly reduced. It is expected that the market of NBR is weak and consolidated in the short term.

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