Recently (May 21- May 31), the NBR market has been weak with a slight decline. According to the Commodity Market Analysis System of SunSirs, as of May 31, the price of NBR was 14,912 RMB/ton, a decrease of 1.49% from 15,137 RMB/ton on May 21. The raw material butadiene has increased significantly, while the price of acrylonitrile has dropped significantly. The cost of NBR still has support; 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 31st, the mainstream market price of Lanhua 3305 in East China is around 14,000-14,200 RMB/ton; The mainstream market price for Russian nitrile 3665 is around 14,100-14,300 RMB/ton; The mainstream market price for Nandi Nitrile 1052 is around 16,600-16,800 RMB/ton; The mainstream market price for Shunze Nitrile 3355 is 14,700-14,800 RMB/ton.

Recently (May 21-May 31), the price of raw material butadiene has increased, while the price of acrylonitrile has significantly decreased. There is still some support for the cost of NBR. According to the Commodity Market Analysis System of SunSirs, as of May 30th, the price of butadiene was 11,612 RMB/ton, an increase of 4.74% from 11,087 RMB/ton on May 21st; As of May 31st, the price of acrylonitrile was 9,650 RMB/ton, which is 5.85% lower than the price of 10,250 RMB/ton on May 21st.

Recently (May 21-May 31), the construction of domestic NBR plants slightly decreased, and the 15,000 ton/year NBR plant in Lanhua was shut down on May 25th.

Recently, the production of downstream NBR hoses in China has slightly decreased to around 5.3%, while the production of insulation foam has remained at a low level of around 5.5%. Downstream inquiries about NBR are small, and the overall demand for NBR is weak.

SunSirs nitrile analyst believes that currently, the price of NBR raw materials fluctuates, and there is still support for the cost; 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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