The market for nitrile rubber increased significantly in September. According to the Commodity Market Analysis System of Business Society, as of September 28th, the price was 15900 yuan/ton, an increase of 12.57% from 14125 yuan/ton at the beginning of the month. In September, the prices of butadiene and acrylonitrile, the raw materials for nitrile rubber, significantly increased, and the cost center of nitrile rubber increased; Downstream inquiries for nitrile rubber remain on demand, and market transactions are average. In September, domestic nitrile units such as Jinpu and Taixiang underwent maintenance. The overall market supply pressure was not high, and some brand resources were tight, resulting in a firm increase in factory prices for enterprises. At the end of the month, some downstream factories were shut down for vacation, and transactions for nitrile rubber were light. Some merchants offered small discounts on shipments. As of September 28th, the mainstream market price of Lanhua Nitrile 3305 in East China was 14900~15100 yuan/ton; The mainstream price of Nandi Nitrile 1052 is 17500-17700 yuan/ton; Shunze nitrile 3355 mainstream reported at 15900~16100 yuan/ton.

In September, the construction of domestic nitrile rubber plants slightly decreased.

In September, the prices of raw materials butadiene and acrylonitrile significantly increased, and the cost of nitrile rubber increased. According to the Commodity Market Analysis System of Business Society, as of September 28th, the price of butadiene was 8710 yuan/ton, an increase of 14.21% from 7626 yuan/ton at the beginning of the month; As of September 28th, the price of acrylonitrile was 9825 yuan/ton, an increase of 8.71% from 9037 yuan/ton at the beginning of the month.

In September, the downstream rubber hose, automotive parts and other rubber product industries started construction steadily, and overall demand for procurement continued. The supply of some grades of nitrile rubber on site was tight, and the price of nitrile rubber remained high; As the end of the month approaches, downstream construction starts to decline, and market transactions are light, with some merchants slightly loosening their offers.

Future Market Forecast: Business Society Nitrile Analysts believe that the current supply of nitrile rubber is temporarily stable, but the Nandi Nitrile Plant is scheduled to undergo maintenance in October. The pressure on the supply side in the later stage is still relatively low, and the downstream just needs to support the transaction atmosphere. However, the high price of raw materials is supported, and it is expected that the nitrile rubber market will consolidate at a high level in the short term.