Nov China HCBR Operating to Increase
In October 2021, there were 17 China’s HCBR producers being investigated, with a total capacity of 1,362kt/a. Therein, 7 produces were in North China, 3 in East China, 2 in South China, 2 in Northeast China, 2 in Northwest China, and 1 in Southwest China.
China’s HCBR monthly output in October inched up M-O-M.
In October, China’s HCBR monthly output was 81.1kt or so, up about 2.14% M-O-M and down 14.63% Y-O-Y. As for the state-owned enterprises, the unit at Nanjing Yangzi Petrochemical remained shut. Others ran steadily. The monthly output at state-owned HCBR enterprises increased by about 13.42% M-O-M. As for private HCBR enterprises, SRC-UBE (Nantong) Chemical Industrial conducted maintenance from October 8 to October 28. Shandong Wintter Chemical restarted the unit on October 18. The operating rates of other private HCBR units declined somewhat. The monthly output at private HCBR enterprises dropped by 18.57% from last month.
In October, China’s HCBR market prices rose. HCBR market prices remained in an uptrend in H1 October, as the supply was tight, prices of Shanghai natural rubber futures rose greatly and some held unavailable spot inventory. Major marketing companies raised HCBR 9000 ex-works prices by RMB 1,800/mt in H1. However, in H2, the procurement ended gradually. Butadiene prices remained low. Prices of Shanghai natural rubber futures trended down. As a result, sales at highs came under pressure, and players were inclined to operate cautiously. By the end of October, the theoretical profit from producing HCBR was around RMB 3,990/mt or so.
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