Last week (11.19-11.26), the market price of NBR fell slightly. According to the monitoring of SunSirs, as of November 26, the price of nitrile rubber was 24,700 RMB/ ton, down 1.79% from 25,150 RMB/ ton on Friday the previous week.

The ex-factory price of nitrile rubber in China is stable. According to the monitoring of SunSirs, Lanzhou Petrochemical reported 22,200 RMB/ ton of nitrile N41E as of November 26; At present, 3305E is reported as 23,100 RMB/ ton; 3308E quoted 24,200 RMB/ ton. Some brands still have tight supply and strong prices, but the start-up of downstream rubber products industry is lower than that in the early stage, weakening the support for NBR market.

Recently, the raw material butadiene continues to be weak, and the cost continues to drag the market of nitrile rubber. According to the monitoring of SunSirs, as of November 26, the price of butadiene was 6,820 RMB/ ton, down 3.54% from 7,070 RMB/ ton on Friday the previous week.

SunSirs nitrile analysts believe that the price of raw materials is low and the renewal is weak. It is expected that the market price of NBR in China may fall in the later stage.

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