According to customs data, the total export volume of NBR in November 2025 was 1,677.676 tons, a decrease of 12.27% compared to the previous month. The decrease in export volume indicates weak demand in overseas markets, which may lead to a relative surplus of domestic supply and inventory accumulation, thereby exerting downward pressure on spot prices.

According to customs data, the total import volume of NBR in November 2025 was 5,862.985 tons, a month on month decrease of 32.91%, indicating a significant contraction in the supply side. May lead to tight supply in the spot market, pushing up prices, which is a general positive factor with a stronger bias. The decrease in imports reflects relatively stable domestic demand or limited external supply, which is favorable for the spot market.

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