The nitrile rubber market slightly increased this week (8.21-8.28). According to the Commodity Market Analysis System of Business Society, as of August 28th, the price of nitrile rubber was 14125 yuan/ton, an increase of 0.71% from last Monday’s 14025 yuan/ton. The price of raw material butadiene is running at a high level, while the price of acrylonitrile has slightly increased, and the cost of nitrile rubber has slightly increased; Downstream inquiries are often made on demand, resulting in relatively flat market transactions.

This week (8.21-8.28). The price of raw material butadiene has stabilized at a high level, while the price of acrylonitrile has slightly increased, and the cost of nitrile rubber has fluctuated slightly. According to the Commodity Market Analysis System of Business Society, as of August 28th, the price of butadiene was 7618 yuan/ton, an increase of 0.07% from last Monday’s 7613 yuan/ton; As of August 28th, the price of acrylonitrile has increased by 1.80% from last Monday’s 8312 yuan/ton at 8462 yuan/ton\

As of August 28th, 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 temporarily stable, 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.