The NBR market slightly declined in May. According to the Commodity Market Analysis System of SunSirs, as of May 31st, the price was 14,950 yuan/ton, a decrease of 2.29% from 15,300 yuan/ton at the beginning of the month. In May, the raw material of NBR, butadiene, rose while the price of acrylonitrile significantly decreased, continuing to support the cost of NBR; The downstream rubber hoses, insulation foam and other industries of NBR have weak support for the low demand for nitrile. The operating level of the NBR plant is low, and the pressure on the NBR supply side is not high; The market situation of NBR has slightly improved. As of May 31st, the mainstream market price of Lanhua 3305 in East China is around 14,000-14,200 yuan/ton; The mainstream market price for Russian nitrile 3665 is around 14,100-14,300 yuan/ton; The mainstream market price for Nandi Nitrile 1052 is around 16,600-16,800 yuan/ton; The mainstream market price for Shunze Nitrile 3355 is 14,700-14,800 yuan/ton.

In May, the price of raw material butadiene increased, while the price of acrylonitrile significantly decreased, providing continued support for the cost of NBR. According to the Commodity Market Analysis System of SunSirs, as of May 31st, the price of butadiene was 11,875 yuan/ton, an increase of 1.39% from 11,712 yuan/ton at the beginning of the month; As of May 31st, the price of acrylonitrile was 9,650 yuan/ton, a decrease of 10.65% from 10,800 yuan/ton at the beginning of the month.

In May, the production of downstream NBR hoses in China slightly decreased to a low level of around 5.3%, while the production of rubber insulation foam remained around 5.5%. The demand for NBR was weakly supported by the rigid demand.

SunSirs nitrile analysts believe that the current high price of butadiene as a raw material for NBR is supported by the high cost of nitrile; Downstream construction remains at a low level, which has a negative impact on NBR; The supply of NBR continues to remain low, providing some support for the market. It is expected that the NBR market will fluctuate and consolidate in the later period.

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