This week (7.22-7.26) NBR price is stable, this week NBR average price is stable at 16366 yuan/ton, the overall rise or fall of 0%.
II. Market Trend Analysis
Product supply and demand: This week, the domestic nitrile butadiene plant is running normally. According to the business association, Lanzhou Petrochemical’s 65,000 tons/year plant has been started up normally, 15,000 tons/year nitrile butadiene plant has been converted to military industry, 50,000 tons/year nitrile butadiene plant has been started up to produce 3305E/3308E. At present, nitrile butadiene rubber 3305E is reported to 16,000 yuan/ton, N41E is reported to 15700 yuan/ton, 3308E is reported to 162 yuan./ Tons, pricing sales; 65,000 tons/year plant production in Shunze, Ningbo, currently NBR 3355 reported near 15400 yuan/ton; 41 series NBR reported 15200. Demand downstream is weak, traders follow the market to deliver goods, the market has a certain drag.
Raw materials: raw material butadiene prices rose sharply this week, the cost of NBR support. Butadiene was 8,545 yuan/ton at the beginning of the week and 8,890 yuan/ton at the end of the week, up 4.04% as a whole, according to the business association.
3. Prospects for the Future Market
Xu Xiaokun, an analyst with business associations, believes that although the small rise in raw material butadiene prices has supported the NBR market, the overall demand for NBR is weak, and the price of NBR in the future is expected to continue to show a weak state.