In October, the market of NBR weakened and the price fell. According to the monitoring of SunSirs, the price of NBR was 16,925 RMB/ ton at the beginning of October, and 15,650 RMB/ ton at the end of the month, down 7.53% from the beginning of the month. In October, the demand side of NBR was sluggish, the supply side was loose, and the market performance was weak. Since October, the factory price of Lanhua NBR has been lowered twice, and by the end of the month, the factory price of Lanhua NBR N42 was 14,200 RMB/ ton; The offer from the merchants gradually goes down with the factory price. As of October 31, the mainstream offer of Shunze NBR 3355 market in East China was 15,200-15,500 RMB/ ton, the mainstream offer of Lanhua NBR 3305 market was 14,500-14,700 RMB/ ton, and the mainstream offer of Nandi NBR 1052 market was 17,800-18,300 RMB/ ton.

In October, the domestic NBR plant basically operated normally, the enterprise inventory accumulated, and the pressure on the supply side of NBR increased. Lanzhou Petrochemical 100,000 t/a NBR unit operates normally; The 30,000 t/a NBR plant of Nanjing Jinpu Insa Synthetic Rubber Co., Ltd. is in normal production; The 30,000t/a NBR plant of Arantai Rubber operates normally; Normal production of Zhenjiang Nandi 50,000 t/a NBR plant; Ningbo Shunze 65,000 t/a unit operates normally.

In October, the raw material butadiene fell sharply, the price of acrylonitrile rose, and the cost of butadiene acrylonitrile rubber weakened. According to the monitoring of SunSirs, as of October 30, the price of butadiene was 7,603 RMB/ ton, down 8.43% from 8,303 RMB/ ton at the beginning of the month; As of October 30, the price of acrylonitrile was 10,890 RMB/ ton, up 10.33% from 9,870 RMB/ ton at the beginning of the month. Taking the ex factory price of Lanhua NBR 3305 as an example, as of October 30, the ex factory price of Lanhua NBR 3305 was 14,800 RMB/ ton, and the theoretical cost was 9,448 RMB/ ton; At the beginning of the month, the ex factory price of Lanhua NBR 3305 was 16,200 RMB/ ton, and the theoretical cost was 9,650 RMB/ ton; Relatively speaking, the change of raw material price in this month has little impact on the cost of NBR, but the profit of NBR is reduced due to the lower price.

In October, the downstream rubber products industry started at a low level, and the purchase of NBR was sluggish. The market transaction was light, and the demand was not supported by NBR.

SunSirs NBR analysts believe that the current demand for NBR is sluggish, and the supply side is loose. It is expected that China NBR market will continue to be weak in the future.

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