Last week (4.12-4.16), China NBR market was slightly weak. According to the monitoring of SunSirs, as of April 16, the price of NBR was 22,633 RMB/ ton, slightly down 0.29% compared with the price of 22,700 RMB/ ton at the beginning of the week.
The ex-factory price of NBR in China is mainly stable. According to the monitoring of SunSirs, as of April 16, the ex-factory price of NBR of Lanzhou Petrochemical Co., Ltd. was stable: at present, the price of N41E was 19,600 RMB/ ton; that of 3305E was 21,200 RMB/ ton; that of 3308E was 21,600 RMB/ ton. At present, the mainstream quotation of NBR N41E market is around 18,800-19,300 RMB/ ton, and the quotation of South Korea LG6250 market is around 20,500-21,000 RMB/ ton.
There was a slight rise in raw material prices after a sharp fall last week, and the cost may stop falling. According to the monitoring of SunSirs, as of April 16, the butadiene price was 6,696 RMB/ ton, up 2.90% from 6,507 RMB/ ton at the beginning of the week, and down 14.80% from March 31.
SunSirs NBR analysts believe that since the end of March, raw material prices have rebounded sharply, downstream inquiries are light, and NBR offers may fall slightly in the short term.
