In May, the acrylonitrile-butadiene rubber market slightly declined. According to the Commodity Market Analysis System of SunSirs, as of May 31, the price was 15,025 RMB/ton, a decrease of 5.06% from 15,825 RMB/ton at the beginning of the month. In May, the prices of butadiene and vinyl cyanide as raw materials for acrylonitrile-butadiene rubber decreased, resulting in a significant decline in the cost of acrylonitrile-butadiene rubber; Downstream of acrylonitrile-butadiene rubber mostly purchased on demand, and the market transactions were flat overall; The operation of the industrial chain was mainly weaker.
Analysis review
In May, domestic acrylonitrile-butadiene rubber manufacturers' plants operated smoothly, while enterprises such as Lanzhou PetroChemical, Nandi, and Shunze operated normally. There were rumors in the market that Lanzhou PetroChemical’s acrylonitrile-butadiene rubber plants might have maintenance plans in mid June.
In May, the prices of raw materials such as butadiene and vinyl cyanide decreased, resulting in a significant decline in the cost of acrylonitrile-butadiene rubber. According to the Commodity Market Analysis System of SunSirs, as of May 31, the price of butadiene was 6,640 RMB/ton, a decrease of 24.98% from 8,851 RMB/ton at the beginning of the month; As of May 31st, the price of vinyl cyanide was 8,775 RMB/ton, a decrease of 9.18% from 9,662 RMB/ton at the beginning of the month.
The downstream product industry of acrylonitrile-butadiene rubber had rigid support, but there was no significant increase. The procurement for acrylonitrile-butadiene rubber was mainly small orders, and there were few market transactions. The demand support for acrylonitrile-butadiene rubber was weak.
Market outlook
SunSirs acrylonitrile-butadiene rubber analysts believe that downstream demand support for acrylonitrile-butadiene rubber was weak and supply was temporarily stable, and it is expected that the acrylonitrile-butadiene rubber market will be weak and consolidated in the short term.
