The NBR market continued to weaken in November, but the decline narrowed. According to the monitoring of SunSirs, the price of NBR was 15,650 RMB/ ton at the beginning of November, and 15,150 RMB/ ton at the end of the month. Compared with the beginning of the month, the price at the end of the month dropped 3.19%, narrowing the decline compared with October (7.53% in October). In November, NBR continued the pattern of loose supply and weak demand. At the beginning of the month, the factory price of NBR was lowered. As of the end of the month, the factory price of NBR N41 was 13,400 RMB/ ton As the price of butadiene acryloNBR declines and downstream inquiries increase, the market gradually stops falling. As of November 28, the mainstream offer of Shunze NBR 3355 market in East China was 14,200-14,500 RMB/ ton, the mainstream offer of Lanhua NBR 3305 market was 14,200-14,500 RMB/ ton, and the mainstream offer of Nandi NBR 1052 market was 17,700-17,900 RMB/ ton.

In November, the domestic NBR plant declined slightly in the early stage of construction, and recovered to a high level in the later stage. The pressure on the supply side of NBR continued. 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; Zhenjiang Nandi 50,000 t/a NBR plant was shut down for maintenance at the end of October, and production resumed on November 10; Ningbo Shunze 65,000 t/a unit operates normally.

In November, the prices of raw materials butadiene and acrylonitrile fell, and the cost of butadiene acrylonitrile rubber weakened. According to the monitoring of SunSirs, as of November 28, the price of butadiene was 6,607 RMB/ ton, 13.10% lower than 7,603 RMB/ ton at the beginning of the month; As of November 28, the price of acrylonitrile was 10,760 RMB/ ton, 1.91% lower than 10,970 RMB/ ton at the beginning of the month, and 7.16% lower than the monthly high of 11,590 RMB/ ton.

In the slack season of November, combined with the relevant control of COVID-19, the rubber products industry started at a low level, especially the auto parts market was depressed, and the demand was weak in the face of NBR.

SunSirs NBR analysts believe that the current NBR industry chain is weak and sluggish. Although market buying has increased after the price drop, it is still difficult to support the market of NBR to rise.

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