This week (3.22-3.26) the market of NBR was weak and stable. According to the monitoring of business society, as of March 26, the price of NBR was 22950 yuan / ton.
On the one hand, the domestic ex factory price of nitrile is raised again by 200-600 yuan / ton. According to the monitoring of the business agency, as of March 26, Lanzhou Petrochemical n41e reported 19600 yuan / ton, 3305e reported 21200 yuan / ton, 3308e reported 21600 yuan / ton; as of March 26, Sinopec Xibu nitrile 2665 reported 20200 yuan / ton, nitrile 3365 reported 20600 yuan / ton. Butyronitrile manufacturers are generally stable in operation and low in inventory. But on the other hand, the downstream demand is relatively weak, downstream rubber products enterprises purchase more with the use of pick, stock is not much. The upstream and downstream are slightly deadlocked, the market is dominated by merchants, and the market price is generally stable compared with last week. At present, the market offers are around 19800 yuan / ton for Lanhua n41, 22000 yuan / ton for South Korea lg6250, 19700-20000 yuan / ton for Russia 3365 and 24000-24500 yuan / ton for Nandi 1052.
The price of raw materials is stable and weak, and the cost side is empty. According to the monitoring of business news agency, as of March 26, the price of butadiene was 8424 yuan / ton, down slightly by 0.20% compared with 8441 yuan / ton at the beginning of the week.
Future forecast: NBR analysts of business community believe that the overall pressure on the supply side of NBR is not big, but on the one hand, the international crude oil is weak and volatile this week, and there is downward risk on the cost side. In addition, the downstream procurement of NBR is not strong, and the support on the demand side is insufficient. It is expected that NBR will be weak and fall slightly in the future.
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