I. price trend

 

In November, the market price of NBR was weak. According to the monitoring of business association, the price of NBR at the beginning of the month was 17066 yuan / ton, and the price at the end of the month was 16000 yuan / ton, down 6.25% compared with the beginning of the month.

 

II. Market trend analysis

 

Sufficient supply of NBR

 

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According to the business association, in November, the main domestic nitrile manufacturers basically started normal operation, and the overall operation rate of domestic nitrile rubber was nearly 80%. The market supply is sufficient. Under the pressure of inventory, the prices of nitrile enterprises and traders have been reduced. According to the monitoring of the business agency, as of November 30, the price of domestic NBR in Shaanxi is stable. At present, the mainstream market of Lanhua NBR n41 is about 14000 yuan / ton, 3305 is about 14900 yuan / ton, 3308 is about 15600 yuan / ton, and downstream inquiry is on demand.

 

Raw material price shocks and consolidation weaken the support of NBR

 

In November, the raw material butadiene was shaken and consolidated, which weakened the support for nitrile. According to the monitoring of the business agency, the price of butadiene in early November was 9123 yuan / ton, which fell to 8537 yuan / ton in the middle of the month, and 8834 yuan / ton in the end of the month. The price at the end of the month was 3.17% lower than that at the beginning of the month, and the amplitude at the higher point was 6.42% higher than that at the lower point of the month.

 

It is difficult for the downstream demand to improve, which will drag down the NBR

 

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At present, there is no significant increase in the orders of downstream terminal plants, the demand for NBR is still light, and the stock volume is not much, dragging the overall NBR market.

 

III. future prospects

 

Business analysts believe that on the one hand, the price of raw material butadiene is low, on the other hand, the demand for NBR is insufficient, and it is expected that the price of NBR will continue to be weak in the later stage.

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