Nitrile Butadiene Rubber (NBR) Prices in China Surged in Q1 2024

Nitrile butadiene rubber (NBR) prices in China consistently went on surging in the first quarter of 2024. Analysts at Procurement Resource reported the month-over-month (MoM) hike for February 2024 at approximately 1.92%, and for March 2024, it was reported to be around 3.34%.

The primary reason attributed to the surge was attributed to the augmenting cost of its feedstock- butadiene and acrylonitrile, which transcended the effect in amping the prices for NBR up in March, and the first quarter of 2024, overall. Additionally, the average inventory helped maintain the supply-demand equation; hence, substantiated the price trajectory for NBR in March 2024. The suppliers weren’t engrossed in stocking the inventory out of reckless and overly optimistic attitude and were cautious in piling up on demand basis.

Moreover, as the holiday season came to an end in March, the production activities in various sectors, including the rubber hoses and insulation foam industries, picked up pace. The rubber hose production, one of the most pivotal downstream applications of NBR, increased momentously.

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Nitrile Butadiene Rubber (NBR) prices in China surged in Q1 2024, with a 1.92% increase in February and a 3.34% hike in March, as reported by Procurement Resource. The rise was primarily due to higher costs of feedstock butadiene and acrylonitrile. Stable inventory levels maintained the supply-demand balance, while post-holiday production boosts in industries like rubber hoses and insulation foam contributed to the demand, further driving up NBR prices.