Last week (10.31-11.7), the market of NBR continued to decline. According to the monitoring of SunSirs, the price of NBR as of November 5 was 15,425 RMB/ ton, down 1.44% from 16,650 RMB/ ton on Monday the previous week. Downstream demand is weak, and the market offer is slightly higher. As of the 7th day, the mainstream of the domestic Lanhua nitrile N41 market was 14,200-14,600 RMB/ ton; The mainstream report of Russian nitrile 2665 market is 14,000-14,300 RMB/ ton; Nandi Nitrile 1052 reported 17,700-18,100 RMB/ ton.

Last week (10.31-11.7), the price of raw butadiene fell, the price of acrylonitrile rose, and the cost of NBR differentiated. In addition, the downstream demand is weak, the merchants ship at low prices, and the market price of NBR drops. However, with the maintenance of Nandi's nitrile device this week, the pressure on the supply side of nitrile has eased slightly, and the decline has slowed down in the short term.

According to the monitoring of SunSirs, as of November 7, the price of butadiene was 7,146 RMB/ ton, down 6.02% from 7,603 RMB/ ton last Monday; As of November 7, the price of acrylonitrile was 11,150 RMB/ ton, up 2.39% from 10,890 on Monday.

The load of domestic NBR plant decreased slightly, and the supply side pressure eased slightly in the short term. According to SunSirs, Zhenjiang Nandi's 50,000 t/a NBR package was parked this week, and it is planned to restart in the middle of November; Lanzhou Petrochemical 100,000 t/a NBR plant operates normally; The 30,000 t/a NBR plant of Nanjing Jinpu Insa Synthetic Rubber Co., Ltd. is in normal production; The load of 65,000 t/a unit in Ningbo Shunze was raised to normal operation.

After the National Day holidays, the construction of NBR downstream is mainly stable. There are few new orders for nitrile enterprises, the market turnover is light, and the demand for NBR is insufficient.

SunSirs NBR analysts believe that the current cost of NBR is differentiated, the demand side is insufficient, and the supply side is slightly declining. It is expected that China NBR market will be weak in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.