The NBR market fell slightly last week (5.17-5.21). According to the monitoring of SunSirs, the price of NBR was 20.400 RMB/ ton as of May 21, down 0.97% compared with the price of 20,600 RMB/ ton at the beginning of the week.
Last week, the domestic nitrile rubber showed a slight decline, and the ex-factory price of Lanhua nitrile rubber was stable. According to the monitoring of SunSirs, as of May 21, the ex-factory price of Lanzhou Petrochemical nitrile rubber N41E was 17,700 RMB/ ton; At present, 3305E offers 18,800 RMB/ ton; At present, 3308E offers 19,700 RMB/ ton. This month, India made a final anti-dumping decision on China related NBR. The export market of NBR was slightly blocked, and domestic demand was still just to be stabilized. Some businesses offered a small adjustment to the shipping negotiations. At present, according to the monitoring of SunSirs, the mainstream price of Lanhua nitrile 3305 was 20,000 RMB/ ton, the mainstream price of Nandi 1052 was 22,000 RMB/ ton, the mainstream price of Russia market 3365 was 18,400 RMB/ ton, and the mainstream price of of South Korea LG6250 was 18,800 RMB/ ton.
The price of raw material butadiene rose slightly, with more impact. As of May 21, butadiene price was 7,006 RMB/ ton, up 2.31% from 6,848 RMB/ ton at the beginning of the week.
SunSirs NBR analysts believe that the relative pressure on the supply side is not big, and the price has dropped sharply in the early stage, so it is expected that China NBR market will be stable in the later stage.
