Recently (12.1-12.22), the nitrile rubber market has slightly increased. According to the Commodity Market Analysis System of SunSirs, as of December 22, the price was 15,525 RMB/ton, an increase of 0.81% from 15,400 RMB/ton at the beginning of the month.

Recently (12.1-12.22), the cost support for NBR has strengthened, and the market supply pressure for NBR has increased at high production levels; The downstream rubber hose and insulation foam industry saw a slight decline in production, providing essential support for the NBR market. The comprehensive impact has led to a slight increase in the market price of NBR. As of December 22, the offer price for Nandi Nitrile 1052 in East China is between 16,400 and 16,600 RMB/ton; Lanhua Nitrile 3305E offers 15,100-15,200 RMB/ton; Russia offers 2665 for 14,600-14,700 RMB/ton.

Recently (12.1-12.22), the price of raw material butadiene has significantly increased, while the price of acrylonitrile has weakened and decreased. The cost support for NBR has increased by 10.26% to 6,983 RMB/ton; As of December 22, the price of acrylonitrile was 7,600 RMB/ton, a decrease of 3.39% from 7,866 RMB/ton at the beginning of the month.

Recently (12.1-12.22), the production of downstream rubber hoses for NBR in China has decreased from 60% at the beginning of the month to around 58%, and the production of rubber insulation foam has decreased from around 58% at the beginning of the month to around 55%, indicating weak demand support for NBR.

The nitrile analyst from SunSirs believes that the current cost support for NBR is strong; Downstream production has decreased, resulting in weaker support for the demand for NBR; The supply of NBR is abundant, and it is expected that the NBR market will fluctuate and consolidate in the later period.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.