Recently (12.18-12.28), the market situation of nitrile rubber has slightly improved. According to the Commodity Market Analysis System of Business Society, as of December 28th, the price of nitrile rubber was 14475 yuan/ton, an increase of 0.35% from 14425 yuan/ton on December 18th, and the low point during the cycle was 14300 yuan/ton. The price of raw material butadiene has significantly increased, while the price of acrylonitrile has narrowed, leading to an increase in the cost center of nitrile rubber; The downstream gradually enters the low season in winter, with low inquiries and low market transactions. The market price of nitrile rubber has slightly increased in the short term due to the expected reduction in butadiene production.

Recently (12.18-12.28), the price of raw material butadiene has significantly increased, while the price of acrylonitrile has weakened, resulting in a slight increase in the cost center of nitrile rubber. According to the Commodity Market Analysis System of Business Society, as of December 28th, the price of butadiene was 8575 yuan/ton, an increase of 6.41% from 8058 yuan/ton on December 18th; As of December 28th, the price of acrylonitrile was 9812 yuan/ton, a decrease of 0.51% from 9862 yuan/ton on December 18th.

Recently (from December 18th to December 28th), the construction of domestic nitrile rubber plants has been generally stable.

The production of downstream nitrile rubber hoses in China has remained stable at a low level of around 5.9%, while the production of rubber insulation foam has been around 6.3%. Be cautious about inquiries about nitrile rubber, with a slightly stagnant trading atmosphere on the exchange, resulting in a weakening of the nitrile rubber market.

Market forecast: Business Society nitrile analysts believe that currently, nitrile rubber plants are operating normally with relatively sufficient supply and weak downstream inquiries. However, due to the impact of rising raw material prices, the cost of nitrile rubber has some support. Overall, it is expected that the nitrile rubber market will experience a narrow consolidation in the short term.