I. price trend

 
In October, the market price of NBR weakened slightly. According to the monitoring of the business agency, the price of NBR at the beginning of the month was 17566 yuan / ton, and the price at the end of the month was 17066 yuan / ton, 2.85% lower than that at the beginning of the month.

II. Market trend analysis

The supply of NBR is sufficient, and the factory price of NBR will be lowered at the end of the month

According to the business agency, the main domestic nitrile manufacturers started normal operation in October, and only Nandi nitrile plant was shut down for maintenance in late October, and the overall domestic supply of nitrile rubber was relatively sufficient. At the end of the month, the ex factory price of some NBR was reduced by more than 1000 yuan / ton. According to the monitoring of the business agency, on October 30, the price of shunze NBR in Ningbo was reduced by 1000 yuan / ton, and by the end of the month, the ex factory price of shunze 3355 was 15800 yuan / ton; the price of Lanzhou Petrochemical NBR was reduced by 1300-1400 yuan / ton, by the end of the month, n41e was 15700 yuan / ton, 3305e was 16000 yuan / ton, 3308e was 16000 yuan / ton.

The price of raw materials plummeted, and the cost dragged NBR

In October, the price of raw material butadiene fell sharply, which was negative for the price of NBR. According to the monitoring of the business agency, the price of raw material butadiene in October was 11581 yuan / ton at the beginning of the month, and 9614 yuan / ton at the end of the month, down 16.98% on the whole.

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

On the one hand, due to the continuous impact of the Sino US trade war, the export orders of the downstream enterprises of NBR decreased compared with last year. This year, the overall demand for NBR is poor. On the other hand, due to the impact of the environmental protection inspection in winter, the downstream may have further production reduction. The demand expectation is not optimistic, which also hinders the market prospects of NBR.

III. future prospects

Business analysts believe that on the one hand, the price of raw material butadiene fell sharply, dragging the NBR; on the other hand, the demand for NBR is insufficient, and the price of NBR will continue to decline.