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Nitrile-butadiene Rubber Market Daily Report: Dec. 10, 2013

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.

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