Asia, Nitrile rubber product prices

According to foreign media reports Wednesday by traders and producers said that due to tight supply and strong demand, rising raw material prices, the Asian-butadiene rubber prices will continue to be the highest in 2 400 USD / tonne (cost and freight, China).

Asia in September NBR cash offer has been raised to 2400-2450 U.S. dollars / ton, producers said that because the raw materials and acrylonitrile butadiene prices, and the spot price and limited supply of 100 U.S. dollars / ton.

Acrylonitrile shipment of raw materials in September spot price has gone up to 1940 U.S. dollars / ton China since June has been up 200 U.S. dollars / ton, according to global chemical market intelligence systems Price icis, butadiene spot prices rebounded a 100 U.S. dollars / Tons to 950 U.S. dollars / tons. In particular, China's booming auto industry led the growth in demand for acrylonitrile-butadiene rubber, prices in August rose to 2300-2350 dollars / ton. Since June since the price of acrylonitrile-butadiene rubber has been steadily on the rise, the price has remained at 2000-2100 U.S. dollars / ton level, traders said.

A trader said the spot acrylonitrile-butadiene rubber from China's demand for constant consultation, but we have limited supply, no spot cargoes.

The rapid growth of China's auto demand has become the world's second largest auto market. Chinese car sales in 2006 reached 5,700,000 units in the next seven years and is expected to double over 10,300,000 Taiwan. Acrylonitrile-butadiene rubber is widely used in automobile manufacturing, such as fuel and lubricating oil handling hoses, hydraulic and pneumatic seals, O-ring, washers and so on.

A Northeast Asian manufacturers that China is very strong demand for acrylonitrile-butadiene rubber, but the supply is limited, because most of the synthetic rubber manufacturer of acrylonitrile-butadiene rubber is only one production line. Korea Kumho Petrochemical to reduce its Ulsan is located in the 50,000 tons / year capacity acrylonitrile-butadiene rubber, synthetic rubber as a result of other strong demand for styrene-butadiene rubber. NBR has cut its operating rate of about 50%, to increase the production of styrene-butadiene rubber. NBR Asia's major manufacturers, including Japan Zeon, LG Chemical, Nantex, Lanzhou Petrochemical Company and Japan, JSR.