During the week (1.18-1.22), the price of NBR was weak and fell. According to the monitoring of the business community, the price of NBR was 18866.67 yuan / ton at the beginning of the week and 18466.67 yuan / ton at the weekend, with a price drop of 2.12%.

The ex factory price of NBR in China is basically stable. According to the monitoring of the business agency, as of January 22, the price of NBR of Lanzhou Petrochemical Company was stable: n41e reported 16600 yuan / ton; 3305e reported 17200 yuan / ton; 3308e reported 18100 yuan / ton; the ex factory price of NBR of Ningbo shunze was stable, and the ex factory price of NBR of 3355 was 18000 yuan / ton. At present, the ex factory price of NBR is stable, but the market price is slightly weaker. The mainstream market price of NBR n41e is 15600-15900 yuan / ton, and that of shunze 3355 is around 17000 yuan / ton.

Raw material prices fell slightly, and the cost side continued to drag down NBR. According to the monitoring of the business association, as of January 22, the butadiene price was 6185 yuan / ton, down 5.18% from 6523 yuan / ton at the beginning of the week.

Finally, in the near future, the operating rate of NBR downstream rubber products has decreased, the demand side has slightly softened, and the willingness of downstream to replenish more warehouses is not big, and the support for NBR has weakened.

Future forecast: NBR analysts believe that the price of raw materials is lower, but the downstream demand is weaker than that in the earlier stage, and the price of NBR may be adjusted weakly in the short term.