Nitrile rubber market is expected to continue red
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The supply side is still tight. Foreign countries, manufacturers prefer the European and American markets, individual brand supply restrictions, the market imports tighter sources. LANXESS Germany due to the completion of the task throughout the year, lack of supply intentions, the current manufacturers do not offer more than one offer. Japan's JSR nitrile rubber outer disk price is 3200 US dollars (ton price, the same below), Japanese rayon nitrile rubber 3350, 3380 outer disk price is 3200 US dollars, Korean nitrile rubber 35L, 35LM outer disk price is 3,000 US dollars, South Korea LG nitrile The grades of plastics such as rubber 6250 and 6280 were priced at US$3,100. Under the pressure of high prices, domestic shipments of agents were low. Domestically, the Lanzhou petrochemical plant started normally, the old plant produced N41, the new plant produced 3305 first-line production, and the other line produced a new brand 2906. There was almost no inventory, and the shipments were in good condition. The prices of various brands of nitrile rubber were held steady for the moment, currently N41, 2906,2907 factory prices are at 22,700 yuan, 3,305 factory price of 23,000 yuan. The construction of the Zhenjiang Nandi plant was still at a low level, and around 60% of the plants were low in inventory, and the prices of various brands of nitrile rubber remained stable. At the same time, these two major companies restricted the supply of intermediate agents, coupled with low inventory, forming a strong support for the nitrile rubber market.
High raw material prices For butadiene, the external disk prices continued to increase, but the ex-factory prices of domestic manufacturers generally stabilized, and the resistance of downstream companies to high butadiene prices has eased. Traders have a limited number of stocks in their hands, and their intention to make short positions is relatively positive. At present, it has entered the December factory equipment maintenance period, which is bound to affect the butadiene price trend. The short-term consolidation of the butadiene market will continue. In terms of acrylonitrile, the market prices of East China and Hong Kong ports continue to consolidate at a high level, the adjustment is weak, the current market is in short supply, the demand side is weak, the manufacturers offer high positions, and the market is quiet and negotiable. Due to the bad weather, some port and cargoes in Hong Kong were delayed by the port. The ordering of the downstream market failed to make up, and the operating rate in the later period may be reduced. The current market bears positively offset each other, and it is expected that the short-term market will remain at a high level of consolidation. The price increase of the mainstream market in the port market will remain at 19,500 to 19,600 yuan.
The related products are bullish on styrene-butadiene rubber, and the domestic styrene-butadiene rubber market has shown upward trend of turbulence and market speculative attitude is more obvious. At present, the raw material butadiene and styrene prices still provide support for styrene-butadiene rubber, and the prices of imported plastic outer disks remain strong, boosting the confidence of domestic styrene-butadiene rubber market, but domestic styrene-butadiene rubber circulation supplies are abundant, and the sales pressure of the industry increases. Downstream end-user demand has low purchasing enthusiasm, resulting in less market turnover. Butadiene rubber, there are three favorable factors: First, the upstream raw material butadiene prices firm, increase the cost of support; Second, the domestic market, the supply of goods is tight, support the market price; Third, the spot price of natural rubber futures rose, boost The butadiene rubber market confidence.
The atmosphere of speculation continued. At present, the quoted dollar price of imported nitrile rubber is strong, and the pressure on the market is relatively small. Market speculators are optimistic about the market for several months before and after the year. Therefore, under the support of the above several favorable factors, some traders in the market have shown reluctance to sell. Mentality, foreign offer slightly increased. However, there has been no significant increase in downstream user demand. Currently, market transactions are still concentrated in the intermediate links, and there is no possibility for the market to continue sharply higher. Recently, Lanzhou Petrochemical raised the price of nitrile rubber again, and again boosted the market. Both are bullish on the market outlook, which has a certain supporting role for the stable situation of nitrile rubber.
Although there are many favorable factors, negative factors cannot be ignored either. At present, the price of nitrile rubber remains high, the profit margin of downstream manufacturers gradually narrows down, and the willingness to purchase is suppressed. There are even signs of suspension or reduction of production, and transactions are mostly concentrated in the intermediate links. At the same time, the supply of downstream rubber hoses and other enterprises in Hebei and Zhejiang have started due to restrictions on power supply. Insufficient, the purchase of nitrile rubber is poor. Therefore, the nitrile rubber market will continue to gain momentum in the long and short intertwined, but the negative factors will limit its upside.