NBR Market Report Monthly-September 2015

NBR Industrial Report Monthly
September 2015
NOVEL INTELLIGENCE CO., LTD.
Contact：Kahler Liu
Email：sales@novelintel.com
What is NOVEL INTELLIGENCE? Early established in 1996
Delivered the first message
Integrator of Petrochemical Information Resources 石化信息资源整合者

Integrator of Petrochemical Information Resources
September 2015
NBR Industrial Report Monthly
..................................................................................................................................................................................2
Content
I. Spotlight in September
1. Lanzhou Petrochemicals Company raised its settlement price of NBR.
2. Butadiene market mixed in gains and losses, currently most at low.
3. NBR market was seen in hard competition on brands and price.
4. Demand from downstream was not good, forming a barrier to NBR’s flowing down.
II. Analysis of Chinese NBR Assessment Price Trend
Figure I. NBR Assessment Price Trend Curve
2 Email: sales@novelintel.com | Tel: +86 15269303260 | © 2015 NOVEL INTELLIGENCE CO., LTD.

Lanzhou Petrochemicals Company raised slightly its assessment price
of NBR, mainly due to price driven by the suppliers. In Qingdao market,
N41 was assessed at RMB13,500/mt, gain RMB300/mt, up 2.27%, with
few supply cargoes; In Shanghai market, NBR-3305 was assessed at
RMB13,100/mt, at a steady pace MoM. Downstream plants on the whole
had low run rates, and some plants even left earlier for National Holiday.
NBR market transaction performed weak, and traders mostly sold on
discussion by their own side.
III. Summary of September NBR International Market
Figure II. NBR International Market Trend Curve
September saw a steady pace in NBR international market,
with no marked change. LG 6250 series of S.Korea was
USD1,650/mt CNF CMP, and 3250 series was USD1,700/mt
CNF CMP. Kumho 35L/M gained slightly, with an offered price
at around USD1,550-1,600/mt. JSR of Japan was around
USD2,400/mt, market still appeared tightly despite of a little
increase in supply volume, due to the units problem in Japan
ZEONEX. Sentiments of traders were relatively cautious. Most
brands were sufficiently supplied except that of Japan in tight.

IV. Chinese NBR Market Dynamics
4.1 Dynamics of Chinese NBR Plants
Figure III. Chinese NBR Ex-work Price Trend
1. In September, Lanzhou Petrochemicals Company raised
the price of NBR by RMB300/mt, to RMB13,100/mt of N41 and
2907, and to RMB13,200/mt of 3305, 3308, 2907E and N41E, and
to RMB13,300/mt of 3305E, 3308E and N21L. Its 50kt/a NBR
unit produces 3305 and 3308, and its 15kt/a NBR units produces
N41E.
2. Nantex Industry Company was running its NBR units as normal.
Plants had no clear offer, but agents were privileged to offer 1052
and 1043N at RMB14,000-14,500/mt, 2865 and 3365 at
RMB14,300-14,800/mt, 1051 and 4155 at RMB14,500-15,300/mt.
Deals done on firm orders, and price could be discussed on basis of

quantity.
3. Ningbo Shunze Rubber Co., Ltd had no clear offer in September: its NBR Series 28 and Series 33 were officially offered at
RMB14,800/mt, Series 4150 at RMB15,500/mt. It was heard agents were authorized to offer at around RMB12,700/mt, discussion on firm
order, units running steadily.
4. Sinopec-Sibur Joint Venture Company (Russia) raised its NBR price following the driven price by Lanzhou Petrochemicals
Company, by RMB200/mt: Series 2665 was pricing at RMB12,600/mt, Series 3365 at around RMB13,000/mt. Discussion on firm orders.
4.2 Dynamics of Each Chinese Regional Markets
Figure IV. Chinese NBR Market Price Trend Curve Chinese NBR markets were still low in trading air through
September. NBR price was first raised by Lanzhou Petrochemicals
Company on the stimulation from rising Butadiene, followed by
other plants who afterwards made adjustment accordingly, after
which the market players seems with more confidence on after-

market as they were expecting much benefits on such Chinese
traditional hot season that lasts to October. However, market did not
move as expected. As butadiene market fluctuated wildly, in addition
to off-buying from downstream markets even with earlier leave-off
of some plants for National Holiday, due to which some traders
could bear no weakened market and retired from high offer, NBR
market trades was pushed to sharp change into fluctuation. By the
time report published, Lanzhou Petrochemicals offered its
mainstream price at around RMB13,000-13,500/mt. Traders
conserved their own discussion space.
Table I. Chinese Regional Markets Price Table
Unit: RMB/mt
Plants Brands Price Remarks
Lanzhou
Petroche
m
N41 13500-
13600
Lanzhou Petrochemicals raised its NBR offer slightly, mainly triggered by
the rising price of supplier’s, but demand still was weak, market saw no good
in trading activities.3305E 13300-
13500
Nantex 1051 15100-
15500
Nantex market was in consolidation, discussion on firm order, old customers
replenish their inventory properly
1052 14600-
15000
4155 15100-

15500
Shunze 3355 12800-
12900
Shunze had an ordinary trade activity in the month, discussion on firm
order
Russia 2665 12800 Russian NBR mainstream market offer rose slightly, but unimproved at end-
user market, trading air was ordinary.
3365 13100
LANXES
S
CN-
MADE
CALAN
A
14000 China-made Lanxess NBR market was consolidating as market scarcely had
trades activity, discussion on firm order.
Importe
d
CALAN
A
21500-
22500
Buna 25000-
26000
LG 6240 14000-
14500
LG NBR in Chinese market had no big change, mainly triggered by demand
front, traders were mostly pushing sales, discussion on firm order.
6250 14000-
14500
3250 14500-
15000
3280 14500-
15000
S.Korea
Kumho
35L 13800-
14200
S.Korean Kumho NBR on weak consolidation, some small orders finalized,
discussion on firm order.
35LM 13800-
14200
Japan
ZEON
2850 22000 ZEON NBR was in consolidation, mainly due to small amount of cargoes
released from ZEON JAPAN, domestic supply of some brands was tight,
discussion on firm order, primary supply for regular customers.
3350 22000
4045 23000
1043 23000-
26000
Japan
JSR
N220 22500-
24000
JSR NBR market supply was still not much, esp. N220, mostly for regular
customers.
N230 22000-
23500
N240 22000-
23500

V. Statistics of NBR Import&Export 2015
5.1 Import Volume
Figure IV. NBR Import Statistics
From the Figure IV shown, NBR Latex imported 3,102
metric tons in August 2015, down 15.92% m-o-m; the
primary shape NBR imported 2,569 metric tons, down
24.27% m-o-m; the sheet,flake and band of NBR imported
3,515 metric tons, down 8.1% m-o-m.
5.2 Export Volume
Figure V. NBR Export Statistics

As Figure V shows, NBR Latex exported 1,279 metric tons in
August 2015, up 390.4% m-o-m; the primary shape NBR
exported 251 metric tons, down 52.1% m-o-m; the sheet,flake
and band of NBR exported 6 metric tons, down 85.6% m-o-
m.
VI. Market Analysis and Foresight
6.1 Influencing Factors
a.On supply front, Japanese brands still supplied no much of cargoes, in comparison to other brands sufficiently supplied;
b.On cost front, Butadiene market mixed in rise-and-fall, but on current price, the cost is relatively low.
c.On downstream front, downstream manufacturing run rates was still at low level, in addition to earlier leaving for holiday of some
plants, cargoes replenishment was not good;
d.On related products, the latest inventory shows that, by September 15, Qingdao Bonded Area saw a rise of the rubber inventory up to
163.300kt, among which, Natural Rubber 141.1kt, Synthetic Rubber 17,400 metric tons, Compound Rubber 7.8kt.
6.2 After-market Forecast
Although the hot season it is upcoming, from the overview since this year, NBR run rates has been staying at relative stable pace, with

no much change, and market trades look ordinary. October may hardly see strong stimulus news, and market may extend the consolidation. It
suggests more concerns over downstream runs and the flows of Insa Products.

NBR Market Report Monthly-September 2015

Empfohlen

Empfohlen

Weitere ähnliche Inhalte

Ähnlich wie NBR Market Report Monthly-September 2015

Ähnlich wie NBR Market Report Monthly-September 2015 (20)

NBR Market Report Monthly-September 2015