The market situation of nitrile rubber continued to be weak. The price of nitrile rubber fell slightly this week (10.14-10.21). According to the monitoring of the business community, as of October 21, the price of nitrile rubber was 16300 yuan/ton, down 2.10% from 16650 yuan/ton last Friday. After the festival, the ex factory price of nitrile rubber enterprises has been lowered successively. As of the 21st day, the listing price of Lanzhou Petrochemical N41 nitrile rubber was 15400 yuan/ton, and the ex factory price of Shunze 3355 nitrile rubber was 16000 yuan/ton, according to the monitoring of the business community; Sinopec Sibul nitrile rubber 3365 factory report 15800 yuan/ton.

Since October, the price of raw material butadiene has declined, the price of acrylonitrile has risen, and the cost of butadiene acrylonitrile rubber has differentiated. In addition, the downstream demand is weak, the merchants ship at low prices, and the market price of nitrile rubber is gradually lower.

According to the monitoring of the business community, as of October 21, the price of butadiene was 7608 yuan/ton, 1.95% lower than that of 7760 yuan/ton last Friday; As of October 21, the price of acrylonitrile was 10790 yuan/ton, up 5.27% from 10250 on Friday.

The domestic nitrile rubber plants are basically operating normally, with the industry starting at around 80%, and the supply of nitrile rubber in the market is loose.

After the festival, the construction of nitrile rubber downstream is mainly stable. There are few new orders for nitrile enterprises, the market turnover is light, and the demand for nitrile rubber is insufficient.

Future forecast: NBR analysts from the business community believe that the cost of NBR is differentiated at present, and the demand support is insufficient. It is expected that the NBR market will be weak in the short term.