This week (2.17-2.21) the price of NBR continued to be weak. According to the monitoring, the price at the beginning of the week was 15800 yuan / ton, and the price of NBR at the end of the week was 15733 yuan / ton, slightly down 0.42%.

From the aspect of raw materials, the price of raw materials is low, and the cost is negative in the face of NBR: according to the understanding of the business community, the ex factory price of raw materials butadiene and acrylonitrile is all the way down due to the fall of crude oil price, and as of February 21, the price of butadiene is 6393 yuan / ton; the price of acrylonitrile Sinopec Chemical Sales North China and East China company is reduced to 9500 yuan / ton in February.

From the perspective of NBR enterprises, the overall operating rate of NBR enterprises has declined, some of the prices of NBR are stable, and most of them are not quoted. According to the business agency, the NBR unit of Lanzhou Petrochemical Co., Ltd. operates normally, with stable ex factory price. At present, n41e reports 15000 yuan / ton, 3305e reports 15500 yuan / ton, and 3308e reports 15600 yuan / ton. During the shutdown of shunze NBR unit in Ningbo, the main market price of NBR 3355 is 15000-15400 yuan / ton. Nandi NBR unit operates normally, and the main market price of NBR 1052 is 16300-16800 yuan / ton.

In terms of the downstream, at present, the resumption of work in the downstream is still slow. In addition, the traffic has not yet fully recovered, the delivery of NBR is not ideal, and the procurement strength in the downstream is weak, which has a strong negative effect on NBR.

Outlook for the future

According to the NBR analysts of the business agency, the sharp decline in the price of raw materials and the overall low price of goods in the industry have formed a negative situation for NBR, and it is expected that the NBR market will maintain a slight weak situation in the later stage.