The Supply was Loose, China NBR Market Price Fell sharply in July

August 4, 2022

Latest company news about The Supply was Loose, China NBR Market Price Fell sharply in July

In July, the market price of NBR fell sharply. According to the monitoring of SunSirs, the price of NBR at the beginning of July was 19,500 RMB/ ton, and the price at the end of July was 16,800 RMB/ ton, down 13.85% from the beginning of July at the end of July. The NBR industry chain remained weak in July. First of all, the raw material level has gone down all the way, and the cost support has weakened; Secondly, the pressure on the supply side is large, which has a certain impact on the market; Finally, the downstream products industry started at a low level, the market transaction was not ideal, and the market offer fell all the way.

Since July, Lanzhou Petrochemical's 100,000 tons/year NBR plant has been in normal operation, and the start-up of NBR industry has increased compared with the previous period. Except for some brands, the supply of NBR in the market is still relatively sufficient. Merchants' offers continued to decline, and some high priced brands of nitrile offered many concessions to old customers.

In July, the prices of raw materials butadiene and acrylonitrile fell, and the cost side weakened. According to the monitoring of SunSirs, as of July 31, the price of butadiene was 9,618 RMB/ ton, down 7.53% from 10402 RMB/ ton at the beginning of July; As of July 31, the price of acrylonitrile was 9,700 RMB/ ton, down 10.68% from 10,860 RMB/ ton at the beginning of July. The price of raw material butadiene and acrylonitrile fell due to the influence of supply side. According to SunSirs, the pressure on domestic acrylonitrile supply side continued due to the newly put into operation of acrylonitrile units of more than 1million tons / year in the past two years, while the pressure on butadiene supply side increased since the early maintenance of units was gradually restarted in mid and late July.

There is no obvious increase in the start-up of the downstream nitrile products industry, the market transaction is relatively light, and the demand side support is weak

SunSirs: SunSirs NBR analysts believe that at present, NBR is in a weak state in terms of cost and supply and demand, which has a short impact on the NBR market. It is expected that the price of NBR will continue to be weak in the later period.

 

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