The price of nitrile rubber is weak, and the overall market is low

Raw material prices are low, cost support is weakened: According to business agencies, butadiene prices fell in the first half of February, and support for nitrile rubber weakened
.
According to the monitoring of business agencies, the price of butadiene at the beginning of the month was 8056 yuan / ton, and as of February 14, the price of butadiene was 6626 yuan / ton, down 17.
75%
overall.

It is understood that the factory price of Lanzhou petrochemical nitrile rubber is stable, the current N41E report is 15000 yuan / ton, 3305E is reported 15500 yuan / ton, 3308E is reported 15600 yuan / ton; Ningbo Shunze nitrile factory price is stable, now nitrile 3355 reported 15400 yuan / ton, 28 series reported 15200 yuan / ton, 3380 reported 15600 yuan / ton
.

On the one hand, affected by the slow resumption of work downstream and traffic obstruction, the delivery of nitrile rubber is not ideal, and the support of downstream demand is weak; On the other hand, the overall start of nitrile rubber enterprises has decreased, it is understood that the current 65,000 tons of nitrile rubber plant in Ningbo Shunze is suspended, and the resumption of production time is to be determined
.
The overall operating rate of domestic nitrile rubber is 6-7%, which relieves the supply pressure
of nitrile rubber to a certain extent.

Looking forward to the future market, the price of raw materials has fallen sharply, coupled with the overall low goods in the industry, which has formed an unfavorable situation for nitrile rubber, but on the other hand, nitrile companies have reduced their burden to cope with the current contradiction between supply and demand, to a certain extent, to ease the pressure on nitrile enterprises, and it is expected that the nitrile rubber market will maintain a slight weakening situation
in the later period.