This week (4.17-4.24), the nitrile rubber market slightly rose. According to the monitoring of Business Society, as of April 24th, the price of nitrile rubber was 15800 yuan/ton, an increase of 0.16% from last Monday’s 15775 yuan/ton. The price of raw material butadiene rebounded, while the price of acrylonitrile slightly decreased, and the overall cost of nitrile rubber strengthened; Downstream demand is weak, and market transactions are still relatively flat. Buna-N rubber merchants are less willing to offer at a low price. In addition, the factory price of Buna-N rubber enterprises has temporarily stabilized recently, and the price of Buna-N market has rebounded slightly. At present, the mainstream market price for Lanhua Nitrile 3305 in East China is 15400-15600 yuan/ton; The mainstream price of Nandi Nitrile 1052 is 17400~17600 yuan/ton; The mainstream price of Sibul nitrile 3365 is 14400~14600 yuan/ton; Shunze nitrile 3355 mainstream reported at 15200~15400 yuan/ton.

This week (4.17-4.24), the price of raw material butadiene rebounded, while the price of acrylonitrile slightly decreased, and the overall cost of nitrile rubber strengthened. According to the monitoring of Business Society, as of April 24th, the price of butadiene was 8784 yuan/ton, an increase of 4.77% from last Monday’s 8384 yuan/ton; As of April 24th, the price of acrylonitrile decreased by 0.52% from last Monday’s 9575 yuan/ton at 9525 yuan/ton.

At present, the supply of nitrile rubber is basically stable. But there are maintenance plans for devices such as Lanhua in the later part of the second quarter.

Downstream rubber hose, automotive parts and other rubber product industries mainly have small inquiries and small transactions in the market.

Future Market Forecast: Business Society nitrile analysts believe that the current supply of nitrile rubber is loose, coupled with the insignificant increase in downstream inquiries, the nitrile rubber industry chain is currently in a weak situation; In the later stage, nitrile rubber enterprises have maintenance plans in the second quarter, and with the current rebound in raw material prices and gradually supporting cost, the demand for nitrile rubber may be favorable in the later stage. It is expected that the nitrile rubber market will be weak and consolidation in the short term, and the price of nitrile rubber in the second quarter may rise slightly in the medium to long term.