The Nitrile rubber market fluctuated slightly this week (7.28-8.4). According to the commodity market analysis system of the business community, as of August 4, the price of Nitrile rubber was 13825 yuan/ton, up 0.18% from 13800 yuan/ton last Friday. The price of raw material butadiene and acrylonitrile rose, and the focus of cost of Nitrile rubber moved up slightly; Downstream demand continues to be weak, and market transactions remain relatively flat.

The prices of raw materials butadiene and acrylonitrile rose slightly this week (7.28-8.4), and the cost of Nitrile rubber rose slightly compared with the previous period. According to the Commodity Market Analysis System of Business Society, as of August 4th, the price of butadiene was 7376 yuan/ton, an increase of 2.43% from last Friday’s 7201 yuan/ton; As of August 4th, the price of acrylonitrile has increased by 4.05% from last Friday’s 8025 yuan/ton at 8350 yuan/ton.

As of August 4, the domestic Nitrile rubber plant has been started stably, and the later maintenance and restart of the enterprise coexist.

Downstream rubber hose, automotive parts and other rubber product industries mainly have small inquiries and small transactions in the market.

Future forecast: NBR analysts from the business community believe that the supply of Nitrile rubber is increasing slightly at present, and the downstream inquiries are general. It is expected that the market of Nitrile rubber will continue to weaken and consolidate in the short term.