According to the monitoring of the business community, the domestic price of nitrile rubber was 15850 yuan/ton on the 26th, down 0.47% from the previous day. Domestic nitrile rubber started at a high load, with relatively sufficient supply. Downstream insulation foam, rubber hose and other industries started at a low level, purchasing was not active, market transactions were light, and some nitrile rubber merchants’ offers were adjusted downward by 200~300 yuan/ton. Since October, the price of butadiene as raw material has declined in a weak way. Although the price of acrylonitrile has risen significantly, it is still at a low level within two years, and the support for the cost of butadiene rubber is not obvious.

Future market forecast: due to weak downstream demand and loose supply, the nitrile rubber market is expected to continue to be weak in the short term.