Recently (4.15-4.19), the market situation of NBR has slightly improved. According to the Commodity Market Analysis System of SunSirs, as of April 19th, the price of NBR was 15,300 RMB/ton, an increase of 0.16% from 15,275 RMB/ton on April 15th. The high price of raw material butadiene and the rising price of acrylonitrile continue to support the cost of NBR; Downstream production is operating at a low level, and demand for NBR is weak. General inventory of NBR enterprises; Alantai Rubber and Ningbo Shunze NBR have parked, and the pressure on the supply side of NBR has been relieved. As of April 19th, the mainstream market price of Lanhua 3305 in East China is around 14,200-14,300 RMB/ton; The mainstream market price for Russian nitrile 3665 is around 14,300-14,400 RMB/ton; The mainstream market price for Nandi Nitrile 1052 is around 17,000-17,200 RMB/ton.

Recently (4.15-4.19), the high price of raw material butadiene and the rising price of acrylonitrile have continued to support the cost of NBR. According to the commodity market analysis system of SunSirs, as of April 19th, the price of butadiene was 11,700 RMB/ton, which is unchanged from Monday's price; As of April 19th, the price of acrylonitrile was 10,525 RMB/ton, an increase of 1.57% from the price of 10,362 RMB/ton on April 15th.

Recently (4.15-4.19), domestic NBR plants started operating at a low level. The Lanzhou Petrochemical NBR plant is planned to be shut down for maintenance from May to June in the later stage.

Recently, the production of downstream NBR hoses in China has remained around 5.5%, while the production of insulation foam has slightly decreased to around 5.5%. Downstream inquiries about NBR are small, and market transactions are light. The overall demand for NBR is weak.

From a fundamental perspective, SunSirs nitrile analysts believe that currently, the high cost of butadiene and acrylonitrile raw materials for NBR is supported by high prices; Downstream production is declining, inquiries are cautious, and the impact on NBR is bearish; The pressure on the supply of NBR 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 NBR market will fluctuate and consolidate in the later stage.

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