This week (5.22-5.29), the nitrile rubber market slightly declined. According to the Commodity Market Analysis System of Business Society, as of May 29th, the price of nitrile rubber was 15475 yuan/ton, a decrease of 0.48% from last Monday’s 15550 yuan/ton. The prices of raw materials such as butadiene and acrylonitrile have declined, while the cost of nitrile rubber has slightly declined; Downstream demand is weak, and market transactions are still relatively flat. This week, some companies have adjusted the factory prices of nitrile rubber. At present, the mainstream market price of Lanhua nitrile 3305 in East China is 14900-15000 yuan/ton; Nandi Nitrile 1052 mainstream reported at 16900-17100 yuan/ton; The mainstream price of Sibul nitrile 3365 is 14400~14600 yuan/ton; Shunze nitrile 3355 mainstream reported at 14800-15000 yuan/ton.
This week (5.22-5.29), the prices of raw materials such as butadiene and acrylonitrile decreased, while the cost of nitrile rubber decreased slightly. According to the Commodity Market Analysis System of Business Society, as of May 29th, the price of butadiene was 7140 yuan/ton, a decrease of 6.12% from last Monday’s 7605 yuan/ton; As of May 29th, the price of acrylonitrile decreased by 3.38% from last Monday’s 9625 yuan/ton at 9300 yuan/ton.
At present, the supply of nitrile rubber is basically stable. However, there are rumors in the market that the Lanhua nitrile plant is scheduled for maintenance in mid June, and the supply of nitrile rubber may slightly tighten at that time.
Downstream rubber hose, automotive parts and other rubber product industries mainly have small inquiries and small transactions in the market.
Future forecast: Business Society nitrile analysts believe that the current stable supply of nitrile rubber, coupled with the insignificant increase in downstream inquiries, is a weak trend in the nitrile rubber industry chain; In the later stage, if the nitrile rubber device is shut down for maintenance, the pressure on the nitrile rubber supply surface may be relieved to some extent, and there may be an upward trend for nitrile rubber in the later stage.