The nitrile rubber market saw a slight upward trend in February. According to the Commodity Market Analysis System of Shengyi Society, as of February 27th, the price was 16250 yuan/ton, an increase of 0.46% from 16175 yuan/ton at the beginning of the month.

In February, the cost support for nitrile rubber weakened, and the Shunze nitrile plant was shut down for maintenance. The production of nitrile rubber slightly decreased, and the pressure on the supply side slightly eased; Pre holiday downstream rubber hoses and insulation foam industries are stocking up for the Spring Festival, providing essential support for the nitrile rubber market and driving a slight increase in nitrile rubber prices; Downstream production is low after the holiday, and market transactions are weak. The overall market for nitrile rubber is weak and temporarily stable. As of February 27th, the offer price for Nandi Nitrile 1052 in East China is between 17200 and 17600 yuan/ton; Lanhua Nitrile 3305E offers 16200~16300 yuan/ton; Russia offers 2665 for 15400~15600 yuan/ton.
In February, the production of nitrile rubber plants in China slightly decreased, and some plants still have maintenance plans from March to April.
In February, the prices of raw materials butadiene and acrylonitrile showed a weak decline. As of February 27th, the price of butadiene was 10000 yuan/ton, a decrease of 5.06% from 10533 yuan/ton at the beginning of the month; As of February 27th, the price of acrylonitrile was 7100 yuan/ton, a decrease of 7.19% from 7666 yuan/ton at the beginning of the month.
During the Spring Festival in February, the downstream production of nitrile rubber hoses in China saw a significant decline, and the recovery of production after the holiday was slow, resulting in weak demand support for nitrile rubber.
Market forecast: Business Society’s nitrile analyst believes that the current cost support for nitrile rubber is weak; Low downstream operating levels; The supply of nitrile rubber is relatively sufficient, and it is expected that the nitrile rubber market will consolidate weakly in the short term.