1. NBR Close Price in Domestic Market
|
Product |
N-China (RMB/mt) |
E-China (RMB/mt) |
S-China (RMB/mt) |
|
Russia 26A |
14800 |
14800 |
14800 |
|
Kumho 35L |
17500 |
17500 |
17500 |
|
LG 6250 |
17500 |
17500 |
17500 |
|
Shunze 3355 |
15000 |
15000 |
15300 |
|
Lanzhou PC 3305 |
16000 |
15800 |
16100 |
|
JSR 220s |
22500 |
22500 |
22500 |
|
Nantex 1052 |
18800 |
18700 |
19000 |
Remarks: All offers mentioned here include 17% VAT for self-delivery.
2. Domestic NBR Market Report
The Nitrile-butadiene Rubber Market corrected today. Although upstream butadiene market atmosphere is warming, most players held a bearish expectation toward NBR market. Transactions were insipid.
Market prices for 3305 and N41 were offered at RMB 15,800-16,000/mt at Lanzhou Petrochemical, down 5.9% from last week and down 20% y-o-y.
3. Forecast
SCI estimates that corrections in NBR market may continue for a short term.
