Recently (1.5-1.26), the nitrile rubber market has seen a narrow consolidation. According to the Commodity Market Analysis System of Business Society, as of January 26th, the price of nitrile rubber was 14575 yuan/ton, an increase of 0.17% from 14550 yuan/ton on the 5th. The price of raw material butadiene continues to rise, while the price of acrylonitrile slightly decreases, and the cost of nitrile rubber still has support; In the winter off-season, coupled with the gradual decline in downstream production near the Spring Festival, the demand for nitrile rubber is weak. The market price of nitrile rubber fluctuates narrowly. As of January 26th, the mainstream market price of Lanhua 3305 in East China is 13800-14000 yuan/ton; Russian nitrile 3365 reported around 13500-13700 yuan/ton; Shunze 3355 market report around 14400-14600 yuan/ton; Nandi Nitrile 1052 reported around 16300~16500 yuan/ton.

Recently (1.5-1.26), the price of raw material butadiene has continued to rise, while the price of acrylonitrile has weakened slightly, and the cost of nitrile rubber continues to support. According to the Commodity Market Analysis System of Business Society, as of January 26th, the price of butadiene was 9143 yuan/ton, an increase of 4.50% from 8750 yuan/ton on the 5th; As of January 26th, the price of acrylonitrile was 9287 yuan/ton, a decrease of 4.87% from 9762 yuan/ton on the 5th.

The production of downstream nitrile rubber hoses in China has dropped to a low level of around 45%, while the production of rubber insulation foam has decreased significantly compared to the previous period, resulting in weak demand for nitrile rubber.

Market forecast: Business Society’s nitrile analyst believes that currently, nitrile rubber is supported by rising butadiene prices and costs, but downstream production is declining and demand is weak. In addition, the supply of nitrile rubber is expected to be tight in the later stage. Overall, it is expected that the nitrile rubber market will mainly narrow before the holiday.