On January 6th, the NBR market in Shandong Province slightly rose, and the rubber market started to recover after the holiday. Downstream inquiries increased slightly, and the price of raw material butadiene slightly rose after the holiday. The cost support of NBR strengthened, and some market merchants reported slightly higher prices. Southern Emperor 1502 offers 16,800-16,900 RMB/ton; Shunze 3355 offers 15,800-15,900 RMB/ton; The mainstream price for 2665 in Russia ranges from 14,700 to 14,800 RMB/ton.

The article shows that downstream demand slightly increased after the holiday, and the rise in raw material butadiene prices provided cost support, leading to a slight increase in the spot price of NBR to 16,800-16,900 RMB/ton. Based on the recent futures contract market, the market sentiment is optimistic, with increased holdings. Futures prices, driven by costs and demand recovery, are showing a moderate upward trend, which is overall favorable for NBR prices.

As the main raw material of NBR, the article mentions that its price has slightly increased, reflecting the increase in demand after the holiday and the tightening of the supply chain. This drives up the spot price of butadiene and enhances the cost transmission effect. Based on the latest futures contract data, the market expects tight supply, with futures prices following the strengthening of spot prices and increasing bullish sentiment, which is overall positive for prices.

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