Recently (4.19-4.29), the nitrile rubber market has seen a narrow consolidation. According to the commodity market analysis system of Business Society, as of April 29th, the price of nitrile rubber was 15300 yuan/ton, with a low point of 15275 yuan/ton during the cycle, and the overall narrow range consolidation. The high price of raw material butadiene and the rising price of acrylonitrile continue to support the cost of nitrile rubber; Downstream production is operating at a low level, and demand for nitrile rubber is weak. General inventory of nitrile rubber enterprises; Alantai Rubber and Ningbo Shunze Nitrile Rubber have parked, and the pressure on the supply side of Nitrile Rubber has been relieved. As of April 29th, the mainstream market price of Lanhua 3305 in East China is around 14200-14300 yuan/ton; The mainstream market price for Russian nitrile 3665 is around 14300-14400 yuan/ton; The mainstream market price for Nandi Nitrile 1052 is around 17000-17200 yuan/ton.

Recently (4.19-4.29), the high price of raw material butadiene and the rising price of acrylonitrile have continued to support the cost of nitrile rubber. According to the Commodity Market Analysis System of Business Society, as of April 29th, the price of butadiene was 11712 yuan/ton, an increase of 0.11% from 11700 yuan/ton on April 19th; As of April 29th, the price of acrylonitrile was 10862 yuan/ton, an increase of 3.21% from the price of 10525 yuan/ton on April 19th.

Recently (4.19-4.29), domestic nitrile rubber plants started operating at a low level. The Lanzhou Petrochemical nitrile rubber plant is planned to be shut down for maintenance from May to June in the later stage.

Recently, the production of downstream nitrile rubber hoses in China has remained around 5.5%, while the production of insulation foam has slightly decreased to around 5.5%. Downstream inquiries about nitrile rubber are limited, and the overall demand for nitrile rubber is weak near holidays.

Future Market Forecast: From a fundamental perspective, Business Society nitrile analysts believe that the current high cost support for butadiene and acrylonitrile raw materials in nitrile rubber; Downstream construction remains at a low level, which has a negative impact on nitrile rubber; The pressure on the supply of nitrile rubber has slowed down, and with the planned maintenance of the nitrile unit in Lanhua from May to June, it is expected to provide some support for the market. Overall, it is expected that the nitrile rubber market will fluctuate and consolidate in the later stage.