Last week (11.29-12.03), China NBR market fell slightly. According to the monitoring of SunSirs, as of December 3, the price of NBR was 24,500 RMB/ ton, down 0.81% from 24,700 RMB/ ton at the beginning of the week.
The ex-factory price of domestic NBR is stable. According to the monitoring of SunSirs, Lanzhou Petrochemical nitrile N41E reported 22,200 at RMB/ ton as of December 3; At present, 3305E is reported at 23,100 RMB/ ton; 24,200 RMB/ ton for 3308E; The ex-factory price of Shunze nitrile 3355/3365 is 23,500 RMB/ ton, and the ex-factory price of 3380 is 24,000 RMB/ ton. However, the start-up of the downstream rubber products industry decreased compared with the previous period, and the support for NBR weakened.
Butadiene prices continued to fall sharply last week, with serious drag on the cost side. According to the monitoring of SunSirs, as of December 3, the price of butadiene was 6,120 RMB/ ton, down 10.26% from 6,820 RMB/ ton at the beginning of the week.
SunSirs NBR analysts believe that the price of raw materials is low and the demand is weak. It is expected that the market price of NBR in China may fall in the later stage.
