Since April, the nitrile rubber market has risen first and then fallen, with an overall decline. According to the Commodity Market Analysis System of Shengyi Society, as of April 22, the price was 22250 yuan/ton, a decrease of 1.87% from the beginning of the month at 22675 yuan/ton, and a decrease of 5.42% from the highest point of the cycle.
The cost side market has fallen from a high level, weakening support for nitrile rubber. As of April 22, the price of butadiene was 13766 yuan/ton, a decrease of 24.91% from 18333 yuan/ton at the beginning of the month; As of April 22, the price of acrylonitrile was 10533 yuan/ton, a decrease of 9.46% from 11633 yuan/ton at the beginning of the month.
The overall supply side is tight but stable, forming a neutral bullish support for the market. In April, some domestic devices entered the maintenance cycle, which affected local supply; But the main enterprises maintain a high operating rate, coupled with the lack of new production capacity in 2026, the market supply is sufficient but not loose, and there is no obvious supply pressure.
The demand side is slightly weak. The main downstream industries of nitrile rubber, such as automobiles and rubber hose seals, are slowly recovering, and the demand growth in the high-end new energy vehicle field has not fully compensated for the weakness in traditional fields. At the same time, the high prices of raw materials have led downstream enterprises to be cautious in their procurement, often adopting a mode of on-demand procurement and low inventory operation. High price transactions are weak, coupled with the impact of India’s anti-dumping policies, export orders are under pressure, further suppressing demand release.
In the short term, the nitrile rubber market is expected to continue its weak and volatile trend from late April to early May.
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