This week (11.13-11.21), the nitrile rubber market saw a narrow consolidation. According to the Commodity Market Analysis System of Business Society, as of November 21, the price of nitrile rubber was 14950 yuan/ton, an increase of 0.17% from last Monday’s 14925 yuan/ton. The price of raw material butadiene has stabilized at a high level, while the price of acrylonitrile has slightly increased, while the cost of nitrile rubber has slightly increased; Recently, low level inquiries for downstream construction have been light, and there have been few market transactions. The overall market price of nitrile rubber has remained stable with little movement.
This week (11.13-11.21), the price of raw material butadiene has stabilized at a high level, while the price of acrylonitrile has slightly increased, and the cost of nitrile rubber has slightly increased. According to the Commodity Market Analysis System of Business Society, as of November 21, the price of butadiene was at 9541 yuan/ton, a decrease of 0.05% from last Monday’s 9546 yuan/ton; As of November 21st, the price of acrylonitrile was 10062 yuan/ton, an increase of 1.26% from last Monday’s 9937 yuan/ton.
This week (11.13-11.21), there was a slight fluctuation in the construction of domestic nitrile rubber plants.
The downstream rubber pipe construction of domestic nitrile rubber remains at a low level of around 60%, and inquiries about nitrile rubber are cautious. The trading atmosphere on the market is slightly stagnant, and the nitrile rubber market is weakening.
Future forecast: Business Society nitrile analysts believe that the current supply of nitrile rubber is relatively sufficient, and downstream inquiries are light. It is expected that the nitrile rubber market will be weak and consolidate in the short term.
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