Recently (4.1-4.15), the nitrile rubber market has slightly declined. According to the Commodity Market Analysis System of Business Society, as of April 15th, the price of nitrile rubber was 15275 yuan/ton, a decrease of 1.13% from 15450 yuan/ton on the 1st. The prices of raw materials such as butadiene and acrylonitrile have risen, and the cost of nitrile rubber continues to support it; Downstream production has declined, resulting in weak demand for nitrile rubber. General inventory of nitrile rubber enterprises; The pressure on the supply side of nitrile rubber has been relieved. As of April 15th, the mainstream market price for Lanhua 3305 in East China is around 14300-14400 yuan/ton; The mainstream market price for Russian nitrile 3665 is around 14300-14400 yuan/ton; The mainstream market price for Nandi Nitrile 1052 is around 17000-17200 yuan/ton.

Recently (4.1-4.15), the prices of raw materials butadiene and acrylonitrile have increased, and the cost of nitrile rubber continues to support. According to the commodity market analysis system of Shengyishe, as of April 15th, the price of butadiene was 11700 yuan/ton, an increase of 1.52% from 11525 yuan/ton on the 1st; As of April 15th, the price of acrylonitrile was 10362 yuan/ton, an increase of 4.02% compared to the price of 9962 yuan/ton on April 1st.

Recently (4.1-4.15), the production of nitrile rubber plants in China has declined. There are still plans to shut down devices from April to July in the later stage.

Recently, the production of downstream nitrile rubber hoses in China has remained around 5.5%, while the production of insulation foam has slightly decreased to around 5.5%. Downstream inquiries about nitrile rubber are small, and market transactions are light. The overall demand for nitrile rubber is weak.

Future Market Forecast:

From a technical perspective, the Business Society nitrile rubber index chart shows that from the beginning of the year to early April, the 7-day moving average of the nitrile rubber index continued to rise above the 30 day moving average, and at this time, the overall spot market prices showed an upward trend; Since mid April, the 7-day moving average has gradually fallen below the 30 day moving average, and the spot price of nitrile rubber has slightly decreased; From a technical perspective, nitrile rubber is currently breaking the 30 day support line, and there is a high probability of a downward trend in the later period.

From a fundamental perspective, Business Society nitrile analysts believe that currently, the high cost of butadiene and acrylonitrile raw materials for nitrile rubber is supported by high prices; Downstream production is declining, inquiries are cautious, and the impact on nitrile rubber is bearish; The downward pressure on the supply of nitrile rubber has eased, and it is expected that the nitrile rubber market will fluctuate and consolidate in the later period.