The nitrile rubber market slightly increased in February. According to the Commodity Market Analysis System of Shengyishe, as of February 26th, the price was 15162 yuan/ton, an increase of 3.68% from 14625 yuan/ton at the beginning of the month. In February, the price of butadiene, a raw material for nitrile rubber, increased significantly, while the price of acrylonitrile narrowed, leading to an increase in the cost center of nitrile rubber; Downstream production of nitrile rubber started at a low level before and after the Spring Festival, resulting in weak demand for nitrile and weak support. The nitrile rubber plant is operating smoothly, and the supply side of the nitrile market is loose. After the holiday, some nitrile enterprises have raised their factory prices, and market quotations have slightly adjusted. However, market transactions remain mainly flat.

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

In February, the price of raw materials such as butadiene increased significantly, while the price of acrylonitrile narrowed. As a result, the cost center of nitrile rubber shifted upwards. According to the commodity market analysis system of Shengyishe, as of February 26th, the price of butadiene was 10367 yuan/ton, an increase of 6.27% from 9756 yuan/ton at the beginning of the month; As of February 26th, the price of acrylonitrile was 9300 yuan/ton, a slight increase of 0.13% from 9287 yuan/ton at the beginning of the month.

Before and after the Spring Festival, the downstream production of nitrile rubber hoses in China remained at a low level of around 20%, while the production of rubber insulation foam was around 20%. The demand side dragged down the nitrile rubber market.

Market forecast: Business Society nitrile analysts believe that the current low demand for downstream production of nitrile rubber is weak, but it is strongly supported by the rising cost of butadiene. It is expected that in the later stage, as downstream production increases, the nitrile rubber market may continue to rise slightly.