The nitrile rubber market slightly declined in April. According to the Commodity Market Analysis System of Shengyishe, as of April 30th, the price was 15300 yuan/ton, a decrease of 0.97% from 15450 yuan/ton at the beginning of the month. In April, the raw material of nitrile rubber, butadiene, slightly increased, while the price of acrylonitrile increased significantly, resulting in an increase in the cost center of nitrile rubber; The downstream rubber hoses, insulation foam and other industries of nitrile rubber have weak support for the low demand for nitrile. The operation of nitrile rubber plant has decreased, and the pressure on the supply side of nitrile rubber has been relieved; The market situation of nitrile rubber has slightly declined. As of April 30th, 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.

In April, the overall production of domestic nitrile rubber plants declined, and the Shunze plant is planned to restart and the Lanhua plant is planned to undergo maintenance in the later stage.

In April, the raw material butadiene slightly increased, while the price of acrylonitrile significantly increased, and the cost support for nitrile rubber strengthened. According to the Commodity Market Analysis System of Shengyishe, as of April 30th, the price of butadiene was 11712 yuan/ton, an increase of 1.63% from 11525 yuan/ton at the beginning of the month; As of April 30th, the price of acrylonitrile was 10800 yuan/ton, an increase of 8.41% from 9962 yuan/ton at the beginning of the month.

In April, the production of downstream nitrile rubber hoses in China slightly decreased to a low level of around 5.5%, while the production of rubber insulation foam decreased to around 5.5%. The demand for nitrile rubber was weakly supported by the rigid demand.

Market forecast: Business Society nitrile analysts believe that currently, the high cost of butadiene and acrylonitrile raw materials for nitrile rubber is supported by high prices; 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.