Last week, PVC social inventory increased 4.06 percent month-on-month and 16.59 percent year-on-year, with 317,000 tons in east China and 196,000 tons in south China.
01The RSS2008 contract opened at 150.1 yen in early Tokyo trading, up 1.2 yen from the last session. The RSS2009 contract opened at 132.1 yen, flat from the previous session. The dollar traded near 110.867 against the yen early in the day.
02Neoprene rubber is widely used in anti-aging products, such as wire, cable skin, railway track pillow, bicycle tire sidewall, rubber dam, etc.
03Saudi Arabia and other continued to increase production led to a drop in crude oil prices, from the source of the entire chemical industry chain to form a strong crackdown.
04In 2020, Sinopec and CIBOURE, Russia's largest petrochemical company, corperate to work on a project at nitrile rubber. The two sides will build a new 50,000 ton per year nitrile rubber plant in China.
05Rubber "insurance + Futures" project, with a total investment of 150 million funds, will join 44 futures companies and 4 insurance companies to provide price protection for 189,500 tons of natural rubber in 25 counties.
06In China neoprene rubber device start-up smooth, due to poor demand performance,the prices is not high. Some calcium carbide prices rose, it is good for neoprene rubber market.
07In China the operating rate of PVC production enterprises rose this week to 73.26% , up 1.61% from last week and 8.62% lower year-on-year.
08March 6,2020, the latest market forecast and analysis of the NBR price quoted by various regional quotation agencies: quotation agencies of Shaanxi Shuangli Chemical Co. , Ltd. , today's nitrile rubber market price: 12,899.99 yuan / ton, unchanged from yesterday.
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