This week (12.30-1.6), the nitrile rubber market rose slightly. According to the monitoring of Business News Agency, the price of nitrile rubber was 15450 yuan/ton as of January 6, up 2.32% from 15100 yuan/ton last Friday. Downstream inquiries increased, and merchants’ offers were firm, but the market trading atmosphere warmed, and merchants’ offers were adjusted. At present, the mainstream market price of Lanhua nitrile 3305 is 14800~15200 yuan/ton; Nandi Nitrile 1052 mainstream reported 17300~17600 yuan/ton.

This week (12.30-1.6), the price of raw materials butadiene and acrylonitrile rose, and the cost of nitrile rubber rose. As of January 6, the price of butadiene was 7785 yuan/ton, up 7.51% from 7241 yuan/ton on Friday, according to the monitoring of Business News Agency. The external market of butadiene rose slightly during the week, and the prices of domestic mainstream suppliers were actively raised. At the same time, some manufacturers in Shandong Province bid for goods at a substantial price increase after the festival, which boosted the market prices to a wide jump in succession. As of January 6, the price of acrylonitrile was 9737 yuan/ton, up 1.43% from 9600 yuan/ton on Friday, according to the monitoring of Business News Agency. On the one hand, the short stop of Lihuayi acrylonitrile unit stimulated the market, on the other hand, the cost support, and the price of acrylonitrile rose slightly.

The supply of nitrile rubber is basically stable.

Recently, the downstream rubber product industries such as rubber hose and auto parts have increased their inquiries for nitrile rubber, and the market trading atmosphere has warmed up. The demand for nitrile rubber is slightly better than the previous support.

Future forecast: NBR analysts from the Business Agency believe that the supply of NBR is temporarily stable, downstream inquiries are increasing, and the raw material butadiene continues to rise. It is expected that the NBR market will continue to recover slightly in the short term.