This week (3.13~3.20), the nitrile rubber market declined slightly. According to the monitoring of Business News Agency, as of March 20, the price of nitrile rubber was 16525 yuan/ton, down 3.64% from 17150 yuan/ton last Monday. The price of butadiene as a raw material fell, while the price of acrylonitrile fluctuated within a narrow range. The factory price of nitrile rubber for enterprises was temporarily stable, but the downstream demand side was weak, with weak market transactions, and the price of nitrile rubber decreased slightly.

This week (3.13~3.20), the price of raw material butadiene fell, while the price of acrylonitrile fluctuated slightly, and the cost of nitrile rubber weakened slightly. According to the monitoring by the Business News Agency, as of March 20, the price of butadiene was 8691 yuan/ton, down 5.18% from 9166 yuan/ton last Monday; As of March 20th, the price of acrylonitrile was 10375 yuan/ton, down 0.24% from 10400 yuan/ton on Monday.

The supply of nitrile rubber is basically stable this week.

Since March, inquiries in the downstream rubber products industry such as rubber pipes and auto parts have been dominated by small orders, with a small amount of transactions in the market.

Future Forecast: Business Agency nitrile analysts believe that the current supply of nitrile rubber is basically stable, but the price of raw material butadiene is falling, while the cost of nitrile rubber is declining; Currently, the improvement in downstream construction is not obvious, and it is expected that the nitrile rubber market will consolidate in a weak manner in the short term.