Last week (5.10-5.14), the NBR market showed a weak rebound. According to the monitoring of SunSirs, as of May 14, the price of NBR was 20,600 RMB/ ton, up 0.49% from 20,500 RMB/ ton at the beginning of the week.

NBR rebounded slightly in China last week. On the one hand, the price of NBR has dropped by 8.98% since April, with a large range. In May, the quotation of some NBR varieties increased. According to the monitoring of SunSirs, as of May 14, Lanzhou Petrochemical's NBR N41E was reported at 17,700 RMB/ ton; At present, 3305E offers 18,800 RMB/ ton, 3308E offers 19,700 RMB/ ton. On the other hand, the downstream start-up is stable, the main consumption is inventory, the inquiry is not active, and it is difficult to form a strong rebound for the lack of support for NBR. According to the monitoring of SunSirs, on May 14, the mainstream price of Lanhua's NBR 3305 was 20,000 RMB/ ton, that of Nandi 1052 was 22,600 RMB/ ton, that of Russia's 3365 was 18,300 RMB/ ton, and that of South Korea's LG6250 was 18,500 RMB/ ton.

The price of butadiene decreased slightly and the support of cost side was weak. According to the monitoring of SunSirs, as of May 14, the price of butadiene was 6,848 RMB/ ton, down 0.12% from 6,840 RMB/ ton at the beginning of the week.

SunSirs NBR analysts believe that the cost side and demand side are weak, and the supply side has little pressure. It is expected that China NBR market will be weak in the future.

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