The nitrile rubber market continued to rise in February. According to the monitoring of Business News Agency, the price was 17475 yuan/ton as of February 28, up 6.23% from 16450 yuan/ton at the beginning of the month. In February, the price of nitrile rubber raw materials was running at a high level, with a small amount of replenishment in the downstream, and the market supply was relatively stable. The listing price of nitrile rubber enterprises was increased, and the market offer rose. As of February 28, the ex-factory price of orchid nitrile 3305 was 17200 yuan/ton.

In February, the domestic nitrile rubber plant started steadily.

In February, the price of raw materials butadiene and acrylonitrile rose, and the cost of nitrile rubber was supported. According to the monitoring of Business News Agency, the price of butadiene was 9887 yuan/ton as of February 28, up 6.52% from 9282 yuan/ton at the beginning of the month; As of February 28, the price of acrylonitrile was 10500 yuan/ton, up 4.35% from 10062 yuan/ton at the beginning of the month.

At the beginning of the month, the downstream stock preparation supported the sharp rise of nitrile rubber. With the high price of nitrile rubber in the middle and late days of the month, the downstream replenishment speed slowed down, and the market of nitrile rubber in the middle and late days of the month had a narrow consolidation.

Future forecast: NBR analysts from the business agency believe that the current high raw material price is supported by the cost of NBR, while the downstream demand is slowed in the short term, and the demand support is weak in the short term. It is expected that the NBR market will be consolidated in a narrow range in the short term.