The price of NBR remained stable after soaring in March

In March, the market price of NBR was stable after soaring. According to the monitoring of business society, the price of NBR was 19900 yuan / ton at the beginning of the month, rising all the way to 22950 yuan / ton, the highest point of the month. The price of NBR was mainly stable in late March. Overall, the end of the month increased by 15.33% compared with the beginning of the month.


In March, the ex factory price of domestic Lanhua nitrile increased by about 2700 yuan / ton. According to the monitoring of the business agency, as of March 31, Lanzhou Petrochemical n41e reported 19600 yuan / ton, 3305e reported 21200 yuan / ton, 3308e reported 21600 yuan / ton; as of March 31, Sinopec xibuer 2665 reported 20200 yuan / ton, and 3365 reported 20600 yuan / ton. In March, the nitrile manufacturers started operation stably and the inventory was low. At the beginning of this month, the downstream product enterprises started to recover gradually after the Spring Festival, the demand for goods preparation increased, and the demand side support was strong; at the later stage, the demand side support was mainly just demand support, and the demand side support was weakened. The high price of nitrile also made the upstream and downstream slightly deadlocked, and the market price gradually stabilized. As of the end of the month, the market offer of Lanhua n41 was around 19800-20000 yuan / ton, South Korea lg6250 was around 22000 yuan / ton, Russia 3365 was around 19700-20000 yuan / ton, and Nandi 1052 was around 24000-24500 yuan / ton.


The price of raw materials is stable and weak, and the cost side is empty. According to the monitoring of business news agency, the price of butadiene was 8368 yuan / ton at the beginning of the month and 7860 yuan / ton at the end of the month, with an overall decrease of 6.08%.


Future forecast: NBR business analysts 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, and there is a 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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