1. NBR Close Price in Domestic Market
|
Product |
N-China (RMB/mt) |
E-China (RMB/mt) |
S-China (RMB/mt) |
|
Russia 26A |
15000 |
15000 |
15000 |
|
Kumho 35L |
17500 |
17500 |
17500 |
|
LG 6250 |
17500 |
17500 |
17500 |
|
Shunze 3355 |
15000 |
15000 |
15300 |
|
Lanzhou PC 3305 |
16300 |
16300 |
16300 |
|
JSR 220s |
22500 |
22500 |
22500 |
|
Nantex 1052 |
18300 |
18500 |
18500 |
Remarks: All offers mentioned here include 17% VAT for self-delivery.
2. Domestic NBR Market Report
Nitrile-butadiene rubber (NBR) market underwent corrections today. Lanzhou Petrochemical limited supply volume and thus resources reduced. Players revealed that 2907 and N41 were not ample. Insipid downstream demand lasted and transactions were not fine.
Market prices for 3305 and N41were offered at RMB 16,300/mt, decreasing by 5.2% from last week and down by 16.4% y-o-y.
3. Forecast
Butadiene (BD) USD and RMB offers both declined. Additionally, downstream demand was insipid. Fortunately, Lanzhou PC reduced supplies thus prices are unlikely to decrease.
SCI estimates that the corrections may continue and manufacturers’ moves should be eyed on.
