The market for nitrile rubber slightly increased in March. According to the Commodity Market Analysis System of Shengyishe, as of March 31st, the price was 15450 yuan/ton, an increase of 1.48% from 15225 yuan/ton at the beginning of the month. In March, the prices of butadiene and acrylonitrile raw materials for nitrile rubber slightly increased, and the cost center of nitrile rubber slightly increased; The low demand for downstream rubber hoses, insulation foam and other industries in the nitrile rubber industry is a strong support for the demand for nitrile. Stable operation of nitrile rubber equipment; The market situation of nitrile rubber has slightly increased. As of March 31st, the mainstream market price of Lanhua Nitrile 3305 in East China is 14500-14600 yuan/ton; The mainstream price of Nandi Nitrile 1052 is 17300~17500 yuan/ton; Shunze nitrile 3355 mainstream reported 15500~15600 yuan/ton; The mainstream price of Cebu nitrile 3365 is 14300-14400 yuan/ton.

In March, the domestic nitrile rubber plant started construction with overall stability.

In March, the prices of raw materials butadiene and acrylonitrile slightly increased, and the cost of nitrile rubber continued to support. According to the Commodity Market Analysis System of Shengyishe, as of March 31st, the price of butadiene was 11525 yuan/ton, an increase of 3.88% from 11095 yuan/ton at the beginning of the month; As of March 31st, the price of acrylonitrile was 9937 yuan/ton, an increase of 4.47% from 9512 yuan/ton at the beginning of the month.

In March, the production of downstream nitrile rubber hoses in China remained at a low level of around 60-6.2%, and the production of rubber insulation foam was around 60-6.5%. The demand for nitrile rubber has strong support.

Market forecast: Business Society nitrile analyst believes that the downstream production of nitrile rubber is stable, but the high operating costs of butadiene and acrylonitrile support the strong cost of nitrile rubber. Overall, it is expected that the nitrile rubber market may continue to rise slightly in the later stage.