Recently (5.13-5.21), the NBR market has been weak and consolidating. According to the Commodity Market Analysis System of SunSirs, as of May 21st, the price of NBR was 15,137 RMB/ton, a decrease of 0.25% from 15,175 RMB/ton on May 13th. The high prices of raw materials such as butadiene and acrylonitrile have fallen, while the cost support for NBR has slightly weakened; Downstream construction continues at a low level, with weak demand for NBR. General inventory of NBR enterprises; The production of NBR is at a low level, and the pressure on the supply side of NBR is not high. As of May 21st, the mainstream market price for Lanhua 3305 in East China is around 13,700-13,800 RMB/ton; The mainstream market price for Russian nitrile 3665 is around 13,500-13,600 RMB/ton; The mainstream market price for Nandi Nitrile 1052 is around 16,700-16,800 RMB/ton; The mainstream market price for Shunze Nitrile 3355 is 14,700-14,800 RMB/ton.

Recently (5.13-5.21), the prices of raw materials butadiene and acrylonitrile have fallen from high levels, and the cost support for NBR has slightly weakened. According to the Commodity Market Analysis System of SunSirs, as of May 21st, the price of butadiene was 11,087 RMB/ton, a decrease of 3.90% from 11,537 RMB/ton on May 13th; As of May 21st, the price of acrylonitrile was 10,250 RMB/ton, a slight decrease of 3.87% compared to the price of 10,662 RMB/ton on May 13th.

Recently (5.13-5.21), the construction of domestic NBR plants has slightly increased, but there are still plans for plant maintenance in the later stage. The 65,000 ton/year nitrile plant in Shunze will restart operation from May 20th; The 35,000 ton/year NBR plant in Lanhua will be shut down from May 11th, and the 15,000 ton/year NBR plant is planned to be shut down on May 25th.

Recently, the production of downstream NBR hoses in China has remained at around 5.5%, while the production of insulation foam has remained at a low level of around 5.5%. Downstream inquiries about NBR are limited, and the overall demand for NBR is weak.

Market forecast: SunSirs nitrile analysts believe that currently, the prices of butadiene and acrylonitrile raw materials for NBR are still at a high cost support level; Downstream construction remains at a low level, which has a negative impact on NBR; The production of NBR is at a low level, and there is not much pressure on the supply side, which provides some support for the market. Overall, it is expected that the NBR market will fluctuate and consolidate in the later stage.

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