Recently (3.1-3.11), the market for NBR has slightly increased. According to the Commodity Market Analysis System of SunSirs, as of March 11th, the price of NBR was 15,400 RMB/ton, an increase of 1.15% from 15,225 RMB/ton on the 1st. The prices of raw materials such as butadiene and acrylonitrile have risen, and the cost of NBR continues to support it; After the holiday, downstream rework occurred, and the production of the rubber hose industry gradually increased to around 60%. The demand for NBR is still supported. The inventory pressure of NBR enterprises is average, and the market price of NBR has slightly increased. As of March 11th, the mainstream market price for Lanhua 3305 in East China is around 14,500-14,600 RMB/ton; The mainstream market price for LG nitrile 6250 in South Korea is around 18,200-18,400 RMB/ton; The mainstream market price for Nandi Nitrile 1052 is around 17,000-17,500 RMB/ton.

Recently (3.1-3.11), the prices of raw materials such as butadiene and bin washing have increased, and the cost of NBR continues to support. According to the Commodity Market Analysis System of SunSirs, as of March 11th, the price of butadiene was 11,532 RMB/ton, an increase of 3.94% from 11,095 RMB/ton on the first day; As of March 11th, the price of acrylonitrile was 9,637 RMB/ton, an increase of 1.31% from 19,512 RMB/ton on the 1st.

After the holiday, the production of downstream industries such as NBR hoses and insulation foam in China has gradually increased to around 60%. The demand for NBR has some support in the market, but downstream inquiries for high-level goods are cautious, and market transactions are flat.

SunSirs nitrile analyst believes that currently, NBR is supported by the rising cost of butadiene prices, and on the other hand, although downstream production is gradually increasing, it is still at a low level overall. This will provide some support for NBR in the short term, and it is expected to fluctuate with the NBR market in the later period.

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