The nitrile rubber market weakened and declined in November. According to the Commodity Market Analysis System of Shengyi Society, as of November 28th, the price was 15400 yuan/ton, a decrease of 5.67% from 16325 yuan/ton at the beginning of the month.

In November, the cost support for nitrile rubber was weak, and the increase in nitrile rubber production increased the pressure on the market supply side; In addition, there has been little change in the production of downstream rubber hoses and insulation foam industries, which provides essential support for the nitrile rubber market. In addition, the increase in nitrile rubber production in November and the abundant supply have led to a weak and downward trend in the nitrile rubber market in November. As of November 28th, the offer price for Nandi Nitrile 1052 in East China is between 16400 and 16600 yuan/ton; Lanhua Nitrile 3305E offers 15100~15200 yuan/ton; Russia offers 2665 yuan/ton for 15000-15200 yuan/ton.
In November, the domestic nitrile rubber plant started construction and increased, and the Zhenjiang Nandi nitrile plant has recently restarted; As of November 28th, the overall production of nitrile rubber in China is around 9.6%.
In November, the price of raw material butadiene weakened and decreased, while the price of acrylonitrile slightly increased, resulting in weak cost support for nitrile rubber. According to the Commodity Market Analysis System of Shengyi Society, as of November 28th, the price of butadiene was 7016 yuan/ton, a decrease of 6.65% from 7516 yuan/ton at the beginning of the month; As of November 28th, the price of acrylonitrile was 7866 yuan/ton, an increase of 0.85% from 7800 yuan/ton at the beginning of the month.
In November, the downstream production of nitrile rubber hoses in China remained stable at around 6.0%, while the production of rubber insulation and foaming increased slightly from 5.4% at the beginning of the month to around 5.8%. The demand faced the urgent need for nitrile rubber support.
Market forecast: Business Society’s nitrile analyst believes that the cost support for nitrile rubber is currently weak; Downstream production is still at a low level, which requires strong support for nitrile rubber; The supply of nitrile rubber has increased compared to the previous period, and it is expected that the nitrile rubber market will fluctuate and consolidate in the later period.