Last week (11.20-11.28), the NBR market was weak and declined. According to the Commodity Market Analysis System of SunSirs, as of November 28th, the price of NBR was 14,675 RMB/ton, a decrease of 1.84% from last Monday's 14,950 RMB/ton. The price of raw material butadiene has stabilized at a high level, while the price of acrylonitrile has slightly increased, and the cost center of NBR has fluctuated slightly; Recently, downstream operations have gradually entered a low season, and inquiries have been light, with few market transactions. The overall price of NBR in the market is weakly adjusted. As of November 28th, the mainstream market price of Lanhua Nitrile 3305 in East China is 14,000-14,200 RMB/ton; Shunze nitrile 3355 mainstream reported at 14,300-14,500 RMB/ton; Nandi Nitrile 1052 is priced at 16,300-16,500 RMB/ton.

Last week (11.20-11.28), the price of raw material butadiene stabilized at a high level, while the price of acrylonitrile slightly increased, and the cost of NBR slightly increased. According to the Commodity Market Analysis System of Shengyishe, as of November 28th, the price of butadiene was 9,538 RMB/ton, a decrease of 0.03% from last Monday's 9,541 RMB/ton; As of November 28th, the price of acrylonitrile was 10,175 RMB/ton, an increase of 1.12% from last Monday's 10,062 RMB/ton.

The production of downstream NBR hoses in China continues to decline slightly to a low level of around 58%. Inquiries about NBR are cautious, and the trading atmosphere on the market is slightly stagnant, leading to a weakening of the NBR market.

SunSirs nitrile analysts believe that currently, NBR plants are operating normally with relatively sufficient supply and weak downstream inquiries. However, there is still support in the cost aspect, and it is expected that the NBR market will be weak and consolidate in the short term.

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