In July, the market of Nitrile rubber continued to fall slightly. According to the Commodity Market Analysis System of Business Society, as of July 29th, the price was at 13800 yuan/ton, a decrease of 1.60% from 14025 yuan/ton at the beginning of the month. In July, the price of butadiene, the raw material of Nitrile rubber, rose significantly, the price of acrylonitrile rose slightly, and the cost of nitrile rubber rose to a certain extent; A small amount of downstream inquiries of Nitrile rubber, and the market transaction is generally flat; The operation of the industrial chain is mainly weak. In late July, some Nitrile rubber units of Lanhua were restarted, and the market supply was more relaxed than in the early period. As of July 29, the mainstream report of Lanhua’s nitrile 3305 market in East China was 13300~13400 yuan/ton; The mainstream price of Nandi Nitrile 1052 is 15100-15300 yuan/ton; Sibur Nitrile 3365 mainstream reported 12300~12500 yuan/ton; Shunze nitrile 3355 mainstream reported at 13700~14000 yuan/ton.
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In July, the domestic Nitrile rubber plant started slightly higher, the plant of Nandi, Shunze and other enterprises operated normally, and part of the nitrile plant of Lanhua was restarted. The market resource supply increased compared with the previous period, but Jinpu plant was scheduled to be overhauled in August, when the supply of some brands in the market was expected to be tight.
In July, the price of raw material butadiene rose significantly, the price of acrylonitrile rose slightly, and the cost of Nitrile rubber rose. According to the Commodity Market Analysis System of Business Society, as of July 29th, the price of butadiene was 7201 yuan/ton, an increase of 20.56% from 5973 yuan/ton at the beginning of the month; As of July 29th, the price of acrylonitrile was 8025 yuan/ton, an increase of 1.74% from 7887 yuan/ton at the beginning of the month.
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The downstream of Nitrile rubber starts at a low level, and the rubber hose industry starts at a low level. The overall downstream purchase volume is small, and the low price supply shipment is relatively smooth. The demand for Nitrile rubber is weak.
Future forecast: NBR analysts from the business community believe that the downstream demand side of Nitrile rubber is weak and the supply side is slightly increased. It is expected that the market of Nitrile rubber is weak and consolidated in the short term.