Last week (11.18-11.22), the price of NBR was stable, and the price of NBR was 16400 yuan / ton, up or down 0%.
Low price of raw butadiene
Butadiene price is low, which weakens the support for NBR. According to the monitoring of the business agency, last week (11.18-11.22) saw 8634 yuan / ton of butadiene at the beginning of the week and 8590 yuan / ton at the end of the week, with a slight decline of 0.51% overall.
| Gamma PGA agriculture grade |
Stable ex factory price of petrochemicals
The unit of NBR manufacturer in China is in normal operation, the factory price of NBR is stable, and the overall operation rate of NBR unit is around 70%. According to the business agency, Lanzhou Petrochemical’s 65000 T / a unit is in normal operation. This week, the factory price of Lanhua NBR is stable. At present, n41e reports 14700 yuan / ton.
Downstream inquiry on demand
| Gamma PGA |
The demand of the downstream plant of NBR is weak, and the demand inquiry for NBR is more on demand, so the overall NBR market is relatively weak and stable.
Outlook for the future
According to Xu Xiaokun, an analyst of business agency, the price of raw materials is low, and the downstream inquiry is on demand, so the overall NBR is slightly weak. However, driven by the rise of Shanghai Rubber and general purpose synthetic rubber, the NBR market is expected to rise tentatively in the later period.
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