In October, the market of nitrile rubber weakened and the price fell. According to the monitoring of the business community, the price of nitrile rubber was 16925 yuan/ton at the beginning of October, and 15650 yuan/ton at the end of the month, down 7.53% from the beginning of the month. In October, the demand side of nitrile rubber was sluggish, the supply side was loose, and the market performance was weak. Since October, the factory price of Lanhua NBR has been lowered twice, and by the end of the month, the factory price of Lanhua NBR N42 was 14200 yuan/ton; The offer from the merchants gradually goes down with the factory price. As of October 31, the mainstream offer of Shunze nitrile 3355 market in East China was 15200~15500 yuan/ton, the mainstream offer of Lanhua nitrile 3305 market was 14500~14700 yuan/ton, and the mainstream offer of Nandi nitrile 1052 market was 17800~18300 yuan/ton.

In October, the domestic nitrile rubber plant basically operated normally, the enterprise inventory accumulated, and the pressure on the supply side of nitrile rubber increased.

In October, the raw material butadiene fell sharply, the price of acrylonitrile rose, and the cost of butadiene acrylonitrile rubber weakened. According to the monitoring of the business community, as of October 30, the price of butadiene was 7603 yuan/ton, down 8.43% from 8303 yuan/ton at the beginning of the month; As of October 30, the price of acrylonitrile was 10890 yuan/ton, up 10.33% from 9870 yuan/ton at the beginning of the month. Taking the ex factory price of Lanhua nitrile rubber 3305 as an example, as of October 30, the ex factory price of Lanhua nitrile rubber 3305 was 14800 yuan/ton, and the theoretical cost was 9448 yuan/ton; At the beginning of the month, the ex factory price of Lanhua Nitrile 3305 was 16200 yuan/ton, and the theoretical cost was 9650 yuan/ton; Relatively speaking, the change of raw material price in this month has little impact on the cost of nitrile rubber, but the profit of nitrile rubber is reduced due to the lower price.

In October, the downstream rubber products industry started at a low level, and the purchase of nitrile rubber was sluggish. The market transaction was light, and the demand was not supported by nitrile rubber.

Future forecast: NBR analysts from the business community believe that the current demand for NBR is sluggish, and the supply side is loose. It is expected that the NBR market will continue to be weak in the future.