This week (3.20~3.27), the nitrile rubber market declined weakly. According to the monitoring of Business News Agency, as of March 27, the price of nitrile rubber was 16025 yuan/ton, down 3.03% from 16525 yuan/ton last Monday. The prices of butadiene and acrylonitrile as raw materials fell slightly, while the cost support for nitrile rubber was weak; Downstream demand is weak, market transactions are flat, and the price of nitrile rubber is lower. Currently, the mainstream market price of Lanhua nitrile 3305 in East China is 15200~15500 yuan/ton; Nandi butyronitrile 1052 mainstream reported 17800~18000 yuan/ton.

This week (3.20-3.27), the prices of raw materials butadiene and acrylonitrile fell slightly, while the cost of nitrile rubber was weak. As of March 27, the price of butadiene was at 8575 yuan/ton, down 1.33% from 8691 yuan/ton on Monday, according to the monitoring by the Business News Agency; As of March 27, the price of acrylonitrile was 10275 yuan/ton, down 0.96% from 10375 yuan/ton on Monday.

Nitrile rubber supply side slightly improved.

The downstream rubber products industry, such as rubber pipes and auto parts, is dominated by small inquiries, with a small amount of transactions in the market.

Future Forecast: Business Agency nitrile analysts believe that the current supply of nitrile rubber has slightly increased, coupled with the continued weakening of the prices of raw materials butadiene and acrylonitrile, and the cost of nitrile rubber is weak; It is expected that the nitrile rubber market will be weak and consolidated in the short term.