Last week, the price of NBR remained high. According to the monitoring of SunSirs, the price of NBR on November 30 was 19,233.33 RMB/ ton, and on December 4, it was 19,300.00 RMB/ ton. The price continued to maintain a high level with a slight increase of 0.35%.
First of all, the ex-factory price of NBR in China is basically stable. According to the monitoring of SunSirs, as of December 4, the price of NBR in Lanzhou Petrochemical Company was stable: at present, the price of NBR in N41E was 17,300 RMB/ ton; in 3305E, it was 17,900 RMB/ ton; in 3308E, it was 18,800 RMB/ ton; in Ningbo Shunze, the ex-factory price of NBR was stable, at present, the NBR of 3355 factory was 18,600 RMB/ ton.
Secondly, the price of raw materials remains high, and the cost side is still strongly supported. According to the monitoring of SunSirs, as of December 4, the butadiene price was 9,856 RMB/ ton; as of December 4, the ex-factory price of acrylonitrile Shanghai Secco was 13,000 RMB/ ton. The prices of raw materials are in the high stage.
Finally, the epidemic situation in foreign countries is becoming more and more serious. The number of confirmed cases and deaths continues to increase. The demand for medical NBR latex gloves is still strong, resulting in the tight supply of NBR, which forms a strong support for the whole nitrile market.
SunSirs NBR analysts believe that the high price of raw materials, coupled with strong downstream demand, China NBR prices will continue to remain high in the short term.
