Industry News

February 24, 2020 2020
NBR market continued to be weak

NBR prices continued to weaken on February 17 to February 21, falling 0.42 percent to 15,800 yuan / ton at the beginning of the week and 15,733 yuan / ton at the weekend, according to the Monitor.


The low Raw materials prices dued to cost of NBR formed a negative. The prices affected by the drop in crude oil prices, raw materials butadiene and acrylonitrile factory prices all the way down, as of February 21 in the price of 6,393 yuan per ton of Butadiene; CNPC's offer for the sale of acrylonitrile to north and east China companies was lowered to 9,500 yuan / ton in February.

 

Nitrile rubber overall operating ratio has declined and some NBR ex-factory price stable. The normal operation of Lanzhou Petrochemical nitrile rubber plant, factory price stability, the current N41e to 15,000 yuan per ton, 3305E to 15,500 yuan per ton, 3308E to 15,600 yuan per ton; Ningbo Shunze nitrile plant parking, the current mainstream price of the market in the nitrile 335,515,000 yuan per ton; Nandi nitrile unit is in normal operation. The current mainstream price of Nandi nitrile 1052 is 16,300 ~ 16,800 yuan / ton.


Downstream, the current downstream work is still slow, coupled with the traffic has not yet fully recovered, nitrile rubber take goods is not ideal, the downstream procurement is weak, a strong negative on nitrile rubber.

 


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