The nitrile rubber market slightly increased this week (8.11-8.19). According to the Commodity Market Analysis System of Business Society, as of August 19th, the price of nitrile rubber was 14025 yuan/ton, an increase of 0.72% from last Friday’s 13925 yuan/ton. The price of raw material butadiene continues to rise slightly, while the price of acrylonitrile slightly decreases, and the cost of nitrile rubber fluctuates slightly; Downstream inquiries are often made on demand, resulting in relatively flat market transactions.

This week (8.11-8.19). The price of raw material butadiene continues to rise slightly, while the price of acrylonitrile slightly decreases, and the cost of nitrile rubber fluctuates slightly. According to the Commodity Market Analysis System of Business Society, as of August 19th, the price of butadiene was 7613 yuan/ton, an increase of 0.83% from last Friday’s 7551 yuan/ton; As of August 19th, the price of acrylonitrile decreased by 1.04% from last Friday’s 8400 yuan/ton at 8312 yuan/ton.

As of August 19th, the construction of domestic nitrile rubber plants has been temporarily stable.

The downstream rubber product industry, such as rubber hoses and automotive parts, mainly has small inquiries and small transactions in the market. Overall, they continue to purchase on demand, and the on-site trading atmosphere is average; The supply of domestic nitrile rubber in the market is gradually increasing, but currently the inventory level is not high, and many merchants have maintained a stable and moderate adjustment.

Future forecast: Business Society nitrile analysts believe that the current supply of nitrile rubber is gradually increasing, and the downstream just needs to support the transaction atmosphere is average. It is expected that the nitrile rubber market will consolidate in a narrow range in the short term.