On the first working day of November, the price of NBR was raised again. According to the monitoring of business agency, the listed price of NBR in Lanzhou Petrochemical Company has been increased by 700 yuan / ton: at present, n41e is quoted at 16500 yuan / ton, 3305e is at 17100 yuan / ton, 3308e is at 17700 yuan / ton; Ningbo shunze nitrile rubber ex factory price is increased by 400 yuan / ton, currently nitrile 28 series is quoted at 17800 yuan / ton, 3355 / 3365 / 3345 price is 18000 yuan / ton, 3380 yuan / ton.

The price of NBR in domestic market rose again with the increase of manufacturer’s supply price. As of November 2, the price of NBR was 18933.33 yuan / ton, up 4.03% compared with the previous day.

The price of raw materials rose, and the cost of NBR was supported. The price of butadiene in October increased from 6338 yuan / ton at the beginning of the month to 9200 yuan / ton at the end of the month, an overall increase of 45.16%; the ex factory price of acrylonitrile Shanghai Secco in October increased from 8700 yuan / ton at the beginning of the month to 9200 yuan / ton at the end of the month, an overall increase of 5.75%.

On the one hand, due to the continuous and serious impact of the epidemic situation abroad, the demand for medical nitrile rubber gloves was strong, and the demand for nitrile rubber latex was in short supply, and the price rose to nearly 30000 yuan / ton. Driven by profits, some manufacturers switched the production lines of NBR to produce NBR latex, and the supply of other brands of NBR in the market decreased. On the other hand, jinjiuyinshi traditional nitrile dry rubber downstream insulation foam and hose industry operating rate higher than the previous period, strong demand, rigid support for the nitrile dry rubber. To sum up, the whole supply and demand side supports the rise of NBR market price

Comparison of export volume of nitrile latex in 2019 and 2020

Start up of NBR manufacturers

Production capacity (ten thousand tons / year) plant performance

Normal operation of Lanzhou Petrochemical Company

Zhenjiang Nandi 5 parking maintenance

Ningbo shunze 6.5 normal operation, a line of latex production

Langsheng taixiang 3 has been affected by environmental protection, and its construction has been reduced recently

Normal operation of Jinpu YINGSA 3

Aftermarket forecast: business analysts believe that although the current NBR price is high, squeezing the profits of downstream products industry, forming a certain negative expectation for the future market. However, on the one hand, the price of raw materials is high and the cost support is obvious. On the other hand, the rigid demand of downstream products industry and the large demand of latex still form support for the whole nitrile industry. Therefore, the price of NBR is expected to remain high in the short term.