NBR prices continue to rise (11.1-11.6)

At the beginning of November, the price of nitrile rubber increased significantly. According to the monitoring of business agency, the price of nitrile rubber was 18200 yuan / ton on November 1 and 19100 yuan / ton on November 6. The price of nitrile rubber increased by 4.95% in just six days.

 

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First of all, at the beginning of the month, the ex factory price of NBR manufacturers increased significantly. In just six days, the ex factory prices of some manufacturers increased twice, driving up the market sentiment. According to the monitoring of business agency, the listing price of NBR in Lanzhou Petrochemical Company was increased by 700 yuan / ton on November 2: at present, n41e reported 16500 yuan / ton, 3305e reported 17100 yuan / ton, 3308e reported 17700 yuan / ton; Ningbo shunze nitrile rubber ex factory price increased by 400 yuan / ton, the current nitrile 28 series reported 17800 yuan / ton, 3355 / 3365 / 3345 price was 18000 yuan / ton, 3380 yuan / ton.

 

On November 5, the listed price of NBR in Lanzhou Petrochemical Company was increased by 500 yuan / ton: at present, n41e was quoted at 17000 yuan / ton, 3305e was at 17600 yuan / ton, 3308e was at 18200 yuan / ton; the ex factory price of Ningbo shunze nitrile rubber was increased by 300 yuan / ton, and the current nitrile 3355 factory was 18300 yuan / ton.

 

Secondly, the price of raw materials remains high, and the cost side is still strongly supported. According to the monitoring of the business agency, as of November 6, the butadiene price was 9142 yuan / ton; as of November 6, the ex factory price of acrylonitrile Shanghai Secco was 9200 yuan / ton. The prices of raw materials are in the high stage.

 

Finally, the epidemic situation in foreign countries is becoming more and more serious, and the demand gap of medical nitrile latex gloves is huge, which leads to the high demand of nitrile rubber latex and the difficulty to find bulk goods in the market, which forms a strong support for the whole nitrile market.

 

Aftermarket forecast: NBR analysts believe that the high price of raw materials, coupled with strong downstream demand, NBR prices will continue to remain high in the short term.

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