In July, the market of nitrile rubber went up. According to the monitoring of SunSirs, the price of nitrile rubber was 20,900 RMB/ ton at the beginning of the month and 22,200 RMB/ ton at the end of the month. At the end of the month, it increased by 6.22% compared with the beginning of July.
The supply of NBR in China is basically stable, the ex-factory price of NBR increases, and the demand is just based on demand. It is understood that the ex-factory price of domestic Lanhua nitrile increased in July. As of July 31, Lanzhou Petrochemical N41E reported 20,000 RMB/ ton, 3305E reported 21,100 RMB/ ton and 3308E reported 22,000 RMB/ ton. The downstream of nitrile rubber is purchased on demand, and the trader's offer basically follows the factory price.
In July, raw butadiene continued to rise, and the cost side continued to be supported. According to the monitoring of SunSirs, as of July 31, the price of butadiene was 11,312 RMB/ ton, up 27.79% from 8,852 RMB/ ton at the beginning of July.
SunSirs NBR analysts believe that at present, the supply and demand of NBR is relatively stable, while the cost is rising sharply. It is expected that China NBR will be strongly supported by cost in the later stage.
