Recently (1.5-1.26), the NBR market has seen a narrow consolidation. According to the Commodity Market Analysis System of SunSirs, as of January 26th, the price of NBR was 14,575 RMB/ton, an increase of 0.17% from 14,550 RMB/ton on the 5th. The price of raw material butadiene continues to rise, while the price of acrylonitrile slightly decreases, and the cost of NBR still has support; In the winter off-season, coupled with the gradual decline in downstream production near the Spring Festival, the demand for NBR is weak. The market price of NBR fluctuates narrowly. As of January 26th, the mainstream market price of Lanhua 3305 in East China is 13,800-14,000 RMB/ton; Russian nitrile 3365 reported around 13,500-13,700 RMB/ton; Shunze 3355 market report around 14,400-14,600 RMB/ton; Nandi Nitrile 1052 reported around 16,300-16,500 RMB/ton.

Recently (1.5-1.26), the price of raw material butadiene has continued to rise, while the price of acrylonitrile has weakened slightly, and the cost of NBR continues to support. According to the Commodity Market Analysis System of SunSirs, as of January 26th, the price of butadiene was 9,143 RMB/ton, an increase of 4.50% from 8,750 RMB/ton on the 5th; As of January 26th, the price of acrylonitrile was 9,287 RMB/ton, a decrease of 4.87% from 9762 RMB/ton on the 5th.

The production of downstream NBR hoses in China has dropped to a low level of around 45%, while the production of rubber insulation foam has decreased significantly compared to the previous period, resulting in weak demand for NBR.

SunSirs nitrile analyst believes that currently, NBR is supported by rising butadiene prices and costs, but downstream production is declining and demand is weak. In addition, the supply of NBR is expected to be tight in the later stage. Overall, it is expected that the NBR market will mainly narrow before the holiday.

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