This week’s (10.31-11.7) nitrile rubber market continued to decline. According to the monitoring of the business community, the price of nitrile rubber as of November 5 was 15425 yuan/ton, down 1.44% from 16650 yuan/ton last Monday. Downstream demand is weak, and the market offer is slightly higher. As of the 7th day, the mainstream of the domestic Lanhua nitrile N41 market was 14200~14600 yuan/ton; The mainstream report of Russian nitrile 2665 market is 14000~14300 yuan/ton; Nandi Nitrile 1052 reported 17700~18100 yuan/ton.

This week (10.31-11.7), the price of raw butadiene and acrylonitrile decreased, and the cost of nitrile rubber was differentiated. In addition, the downstream demand is weak, the merchants ship at low prices, and the market price of nitrile rubber drops. However, with the maintenance of Nandi’s nitrile device this week, the pressure on the supply side of nitrile has eased slightly, and the decline has slowed down in the short term.

According to the monitoring of the business community, as of November 7, the price of butadiene was 7146 yuan/ton, down 6.02% from 7603 yuan/ton last Monday; As of November 7, the price of acrylonitrile was 11150 yuan/ton, up 2.39% from 10890 on Monday.

The load of domestic nitrile rubber plant decreased slightly, and the supply side pressure eased slightly in the short term. According to the business community, Zhenjiang Nandi’s 50000 t/a nitrile rubber package was parked this week, and it is planned to restart in the middle of November; Lanzhou Petrochemical 100000 t/a nitrile rubber plant operates normally; The 30000 t/a nitrile rubber plant of Nanjing Jinpu Insa Synthetic Rubber Co., Ltd. is in normal production; The load of 65000 t/a unit in Ningbo Shunze was raised to normal operation.

After the festival, the construction of nitrile rubber downstream is mainly stable. There are few new orders for nitrile enterprises, the market turnover is light, and the demand for nitrile rubber is insufficient.

Future forecast: NBR analysts from the business community believe that the current cost of NBR is differentiated, the demand side is insufficient, and the supply side is slightly declining. It is expected that the NBR market will be weak in the short term.