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Analysis of the Downward Adjustment in China NBR List Prices
On might 25, the listed price to Sinopec-Sibur's 26-series nitrile rubber was quoted at 17,500 RMB/ton, marking a decrease of 1,000 RMB/ton from the prior level. This reduction in the manufacturer's ex-factory price immediately exerts bearish pressure on spot market quotations, fueling pessimistic market expectations and creating a generally negative impact on nitrile rubber prices.
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