SunSirs: China NBR Market Slightly Rises in February

The NBR market saw a slight upward trend in February. According to the Commodity Market Analysis System of SunSirs, as of February 27th, the price was 16,250 RMB/ton, an increase of 0.46% from 16,175 RMB/ton at the beginning of the month.

In February, the cost support for NBR weakened, and the Shunze nitrile plant was shut down for maintenance. The production of NBR slightly decreased, and the pressure on the supply side slightly eased; Pre holiday downstream rubber hoses and insulation foam industries are stocking up for the Spring Festival, providing essential support for the NBR market and driving a slight increase in NBR prices; Downstream production is low after the holiday, and market transactions are weak. The overall market for NBR is weak and temporarily stable. As of February 27th, the offer price for Nandi Nitrile 1052 in East China is between 17,200 and 17,600 RMB/ton; Lanhua Nitrile 3305E offers 16,200-16,300 RMB/ton; Russia offers 2665 for 15,400-15,600 RMB/ton.

In February, the production of NBR plants in China slightly decreased, and some plants still have maintenance plans from March to April.

In February, the prices of raw materials butadiene and acrylonitrile showed a weak decline. As of February 27th, the price of butadiene was 10,000 RMB/ton, a decrease of 5.06% from 10,533 RMB/ton at the beginning of the month; As of February 27th, the price of acrylonitrile was 7,100 RMB/ton, a decrease of 7.19% from 7,666 RMB/ton at the beginning of the month.

During the Spring Festival in February, the downstream production of NBR hoses in China saw a significant decline, and the recovery of production after the holiday was slow, resulting in weak demand support for NBR.

The nitrile analyst from SunSirs believes that the cost support for NBR is currently weak; Low downstream operating levels; The supply of NBR is relatively sufficient, and it is expected that the NBR market will consolidate weakly in the short term.

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