Rising Market Price of Nitrile Rubber

Recently (9.1-9.11), the nitrile rubber market has slightly increased. According to the Commodity Market Analysis System of Business Society, as of September 11th, the price of nitrile rubber was 14850 yuan/ton, an increase of 5.13% from 14125 yuan/ton at the beginning of the month. The price of raw material butadiene has significantly increased, while the price of acrylonitrile has slightly increased, resulting in an increase in the cost of nitrile rubber; Downstream inquiries are often made on demand, resulting in relatively flat market transactions. Recently, the factory prices of nitrile rubber have increased to varying degrees. As of September 11th, the mainstream market price of Lanhua Nitrile 3305 in East China was 13800~14200 yuan/ton.

 

Recently (9.1-9.11), the price of raw material butadiene has significantly increased, while the price of acrylonitrile has slightly increased, resulting in an increase in the cost of nitrile rubber. According to the Commodity Market Analysis System of Business Society, as of September 11th, the price of butadiene was 8592 yuan/ton, an increase of 12.67% from 7626 yuan/ton at the beginning of the month; As of September 11th, the price of acrylonitrile has increased by 2.21% at 9237 yuan/ton compared to 9037 yuan/ton at the beginning of the month.

 

Recently (9.1-9.11), the construction of domestic nitrile rubber plants has slightly increased and then decreased. At the beginning of the month, the Taiwan rubber nitrile plant was shut down for maintenance, and the Jinpu nitrile plant, which was shut down before September 10th, was restarted. The supply side of nitrile rubber is relatively tight.

 

The downstream rubber hose, automotive parts, and other rubber product industries have started stable operations, and the overall demand for nitrile rubber continues to be high, with a general on-site trading atmosphere; The domestic nitrile rubber market has a tight supply of goods, low inventory of enterprises, and many merchants are adjusting their factory prices.

 

Future forecast: Business Society nitrile analysts believe that the current supply of nitrile rubber is relatively tight, and the downstream just needs to support the transaction atmosphere is average. It is expected that in the short term, the nitrile rubber market will rise and consolidate.

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