Recently (5.1-5.11), the NBR market has slightly declined. According to the Commodity Market Analysis System of SunSirs, as of May 11th, the price of NBR was 15,175 RMB/ton, a decrease of 0.82% from 15,300 RMB/ton on the 1st. The high prices of raw materials such as butadiene and acrylonitrile have been sorted out, and the cost of NBR continues to support it; Downstream construction continues at a low level, with weak demand for NBR. General inventory of NBR enterprises; Some devices have been shut down for maintenance, and the pressure on the NBR supply surface is not high. As of May 11th, the mainstream market price for Lanhua 3305 in East China is around 14,000-14,100 RMB/ton; The mainstream market price for Russian nitrile 3665 is around 13,900-14,000 RMB/ton; The mainstream market price for Nandi Nitrile 1052 is around 16,700-16,800 RMB/ton; The mainstream market price for Shunze Nitrile 3355 is 14,700-14,800 RMB/ton.
Recently (5.1-5.11), the prices of raw materials butadiene and acrylonitrile have remained high, and the cost of NBR continues to support. According to the Commodity Market Analysis System of SunSirs, as of May 11th, the price of butadiene was 11,712 RMB/ton, unchanged from the beginning of the month; As of May 11th, the price of acrylonitrile was 10,662 RMB/ton, a slight decrease of 1.27% from the price of 10,800 RMB/ton on the 1st.
Recently (5.1-5.11), domestic NBR plants started operating at a low level. The Alantai Rubber Nitrile Plant will restart operation at the end of April; The Shunze nitrile plant is planned to restart operation in mid to late May; The 35,000 ton/year NBR plant in Lanhua is scheduled to shut down on May 11th, and the 15,000 ton/year NBR plant is scheduled to shut down on May 25th.
Recently, the production of downstream NBR hoses in China has remained at around 5.5%, while the production of insulation foam has remained at a low level of around 5.5%. Downstream inquiries about NBR are limited, and the overall demand for NBR is weak.
SunSirs nitrile analysts believe that currently, the high cost of butadiene and acrylonitrile raw materials for NBR is supported by high prices; Downstream construction remains at a low level, which has a negative impact on NBR; The production of NBR is at a low level, and there is not much pressure on the supply side, which provides some support for the market. Overall, it is expected that the NBR market will fluctuate and consolidate in the later stage.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.