NBR market was weak and fell (6.10-6.17)

This week (6.10-6.17), the market of nitrile rubber was weak and fell. According to the monitoring of business community, the price of nitrile rubber as of June 17 was 20875 yuan / ton, down 3.80% from 21700 yuan / ton on June 10.

 

Sulfamic acid 99.50%

This week (June 10-june 17), Lanzhou Petrochemical’s 100000 t / a nitrile rubber plant was in normal operation, and alantai rubber and Ningbo shunze’s 95000 T / a nitrile rubber plant were shut down. The start-up of the nitrile rubber industry decreased compared with the previous period, but the supply of nitrile rubber in the market was still relatively sufficient except for some brands. On Monday, Lanzhou Petrochemical lowered the listing price of nitrile rubber. According to the monitoring of business agency, as of June 17, Lanhua nitrile n41e reported 20000 yuan / ton; RMB 20500 / ton for 3305e; RMB 21900 / ton for 3308e; 2808 quoted 20200 yuan / ton.

 

This week (6.10-6.17), the prices of butadiene and acrylonitrile fell, and the cost side weakened. According to the monitoring of business agency, as of June 17, the price of butadiene was 11290 yuan / ton, down 6.67% from 12096 yuan / ton on June 10; As of June 17, the price of acrylonitrile was 11080 yuan / ton, down 1.42% from 11240 last Friday.

 

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The downstream operation of nitrile rubber is low, and the demand side is weak. According to the business agency, the downstream insulation foaming, rubber hose and other industries started in the vicinity of 50-60%, and most of them purchased on demand. The market of nitrile rubber fell slightly.

 

Future forecast: NBR analysts of business agency believe that the current supply and demand of NBR is slightly deadlocked, but the pressure on the maintenance supply side of some manufacturers has eased. It is expected that the NBR market will be in a state of shock consolidation in the short term.

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On June 15, the domestic ammonium nitrate market price trend was temporarily stable

On June 15, the price trend of domestic ammonium nitrate was temporarily stable. Due to different production fuels, there was a large gap between manufacturers’ quotations. The mainstream price in the on-site negotiation was 4600-5000 yuan / ton, and the price quotation in Hebei was 5200-5300 yuan / ton. Recently, the price trend of liquid ammonia in the upstream raw material market declined, and the price trend of nitric acid rose. The rising price of raw materials has a certain cost support for the ammonium nitrate Market. However, the sales of the downstream civil explosive industry has come to an end, and the on-site supply of goods has been normal recently, The market price trend of ammonium nitrate is temporarily stable, and it is expected that the price trend will be stable in the later period. The market prices of ammonium nitrate in some domestic regions are as follows:

 

Region, Price (yuan / ton), Rise and fall (yuan / ton)

Hebei region, 5200-5300., 0

Henan region, 4500-4600., 0

Shaanxi region, 5000-5200., 0

Yunnan region, 2900-3100., 0

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Sulfur market in East China on June 14

Trade name: sulfur

 

Latest price (June 14):3963.33 yuan / ton

 

Key points of analysis: according to the price monitoring of the business club, the average price of sulfur in East China today is stable compared with that of yesterday, and the quotation of enterprises is stable and small. The quotation of liquid sulfur in some refineries is slightly increased by 50 yuan / ton, while other prices are temporarily stable. Due to the maintenance of some domestic refineries, the inventory of enterprises is low. The downstream side purchases sulfur steadily and just needs to follow up. The sulfur market operates at a high level. Some operators are resistant to high priced sulfur and look for low-priced sulfur.

 

Future forecast: the short-term sulfur market will be sorted out and operated, with specific attention to the downstream follow-up.

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Domestic market dynamics of pure benzene on June 13

Price dynamics: on June 13, Sinopec Group in North China: Qilu Petrochemical offered 9950 yuan / ton, and Shijiazhuang Refining & Chemical offered 9900 yuan / ton;

 

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East China: Yangzi Petrochemical offers 10000 yuan / ton;

 

South China: Hainan Refining & Chemical Co., Ltd. offers 10000 yuan / ton;

 

Central China: Wuhan ethylene offers 10000 yuan / ton;

 

Others: Jingbo Petrochemical offers 9950 yuan / ton, HSBC Petrochemical offers 10000 yuan / ton, Weilian chemical offers 9803 yuan / ton, Xinhai Petrochemical offers 10050 yuan / ton, and Hongrun Petrochemical offers 10050 yuan / ton.

 

Analysis and comments: in terms of crude oil, international crude oil futures ended lower on June 10. The settlement price of the main contract of U.S. WTI crude oil futures was $120.67/barrel, down $0.84 or 0.69%; The settlement price of the main contract of Brent crude oil futures was US $122.01/barrel, down US $1.06 or 0.86%.

 

Today, Jingbo Petrochemical reduced the price of pure benzene by 100 yuan / ton, Weilian chemical reduced the price of pure benzene by 200 yuan / ton, and Xinhai Petrochemical reduced the price of pure benzene by 100 yuan / ton.

 

At the end of the pure benzene maintenance period, some downstream units have been shut down for maintenance in succession. The supply is expected to be loose in the later stage, and the downstream demand for high priced pure benzene is reduced. Today, pure benzene fell slightly, and the price of domestic pure benzene was 9800-10050 yuan / ton.

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