1、 Price trend
On March 17, NBR commodity index was 70.64, unchanged from yesterday, 42.88% lower than the highest 123.67 points (2017-02-20) in the cycle, and 36.85% higher than the lowest 51.62 point on March 8, 2016 (Note: the cycle index is 2012-09-01 to now). According to the monitoring of the business agency, the price of NBR was 15566 yuan / ton at the beginning of March, and 15000 yuan / ton as of March 17. Since March, the overall price has declined by 3.64%.
| ferric sulfate (Poly ferric sulphate) |
2、 Market trend analysis
In March, OPEC and OPEC + failed to negotiate on the reduction of crude oil production. Saudi Arabia and other countries continued to increase production, which led to a sharp drop in crude oil prices, and formed a strong pressure on the entire chemical industry chain from the source. According to the business news agency, WTI’s April contract price fell to 28.69 US dollars / barrel on March 16 from 47.52 US dollars / barrel on March 2, down 39.63% on the whole.
The price of raw material butadiene acrylonitrile is lower, and the cost of butadiene acrylonitrile rubber is negative. On the one hand, the price of raw material acrylonitrile has declined sharply. According to the monitoring of the business association, the outgoing price of Shanghai Secco acrylonitrile was 8950 yuan / ton at the beginning of March, which was reduced to 8300 yuan / ton as of March 16; the outgoing price of Anqing Petrochemical acrylonitrile was reduced from 9500 yuan / ton at the beginning of March to 8500 yuan / ton as of March 16. On the other hand, the price of raw material butadiene fluctuates at a low level. According to the monitoring of the business agency, the price of domestic butadiene has been in a low and slightly fluctuating trend since March, and as of March 16, the price of domestic butadiene was 6256 yuan / ton.
| Azodicarbonamide (AC foaming Agent) |
The number of domestic units returning to work and production is increasing gradually, and the downstream rubber hose and belt industries of nitrile are also returning to work, but the overall unit construction is still insufficient. According to the business association, at present, the return rate of downstream industry is close to 90%, but the overall operating rate is still not high, and the purchase of NBR is mostly on demand, with no significant breakthrough in the purchase volume.
3、 Future prospects
Business analysts believe that at present, on the one hand, crude oil, butadiene, acrylonitrile prices are still at a low level, from the cost of NBR formation negative. On the other hand, domestic enterprises return to work and production, and there is still room for demand to rise. According to the situation of upstream and downstream, in the later stage, the NBR was mainly subject to concussion.
| povidone Iodine |