Last week (10.12-10.16), the price of NBR increased significantly. According to the monitoring of SunSirs, the price of NBR was 15,766 RMB/ ton at the beginning of the week and 17,000 RMB/ ton at the weekend, an overall increase of 7.82%.

The ex-factory price of NBR manufacturers increased 500-1,000 RMB/ ton. According to the monitoring of SunSirs, as of the end of the week, the ex-factory price of NBR N41 in Lanhua was 14,700 RMB/ ton, and the offer of 3305 was 15,300 RMB/ ton. Downstream suppliers purchased on demand, and the prices of raw materials went up, and the offers of traders followed. According to the monitoring of SunSirs, as of October 16, the butadiene price was 6,863 RMB/ ton, up 7.86% from 6363 RMB/ ton at the beginning of the week; as of October 16, the ex-factory price of acrylonitrile Shanghai Secco was 8,800 RMB/ ton, up 1.15% from 8,700 RMB/ ton at the beginning of the week.

Market Forecast:

SunSirs NBR analysts believe that the higher raw material price, the higher cost side, and the stable downstream demand will lead to the high price consolidation of China NBR in the short term.

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