This week (Dec. 23 – Dec. 27), the price of nitrile rubber fell slightly. At the beginning of the week, the price of nitrile rubber was 16433 yuan / ton. On the weekend, the price of nitrile rubber was 16333 yuan / ton.
Low prices for raw butadiene
Butadiene prices are low and support for nitrile rubber has weakened. According to the monitoring of the business agency, the price of butadiene was around 8345 yuan / ton this week (Dec. 23 – Dec. 27), and the overall change was small.
Petrochemical ex-factory price is stable
The domestic nitrile manufacturers’ equipment operates normally, the ex-factory price of nitrile rubber is stable, and the overall operating rate of the nitrile rubber equipment is around 70%. According to the understanding of the business agency, Lanzhou Petrochemical’s 65,000 tons / year unit is operating normally. The ex-factory price of blue nitrile rubber this week is stable. Currently N41E is reported at 15,000 yuan / ton, 3305E is reported at 15500 yuan / ton, and 3308E is reported at 15600 yuan / ton.
Multiple on-demand inquiries downstream
The demand for nitrile rubber downstream plants is weak, and more inquiries have been made on nitrile rubber. The overall nitrile rubber market is relatively weak and stable.
Business analyst Xu Xiaokun believes that the price of raw materials is low, and downstream inquiries on demand, the overall nitrile rubber is slightly weak. It is expected that the nitrile rubber market may continue to be weak in the later period.