Trade name: nitrile rubber
| PVA |
Latest price (October 21): 15766.67 yuan / ton
Analysis points: the domestic NBR market rose sharply, with the mainstream average price at 17100.00/t, up 0.20% compared with the previous day. On the one hand, the price of raw material butadiene rose sharply, and the cost side was more favorable; on the other hand, with the increase of downstream rubber product operating rate after the festival, the inquiry for NBR increased, and the demand side supported the high price of NBR; finally, the ex factory price of NBR was increased, and traders’ offers continued to rise. To sum up, the price of NBR continued to rise. According to the monitoring of the business agency, the domestic NBR market quotation increased, Lanhua NBR 3308 mainstream reported 16500 ~ 16800 yuan / T, Nandi 1052 mainstream reported 18000 ~ 18500 yuan / ton.
Aftermarket forecast: the cost side is high, the demand side is stable, and the market price of nitrile rubber is expected to remain high in the short term.
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