What is the nitrile rubber price trend?

According to Procurement Resource, the price of Nitrile Rubber is expected to be largely dependent on the stability of supply-demand across various regions and global trading sentiments. Nitrile Rubber Price Trend for the Second Half of 2023 Stay updated with the latest Nitrile Rubber prices, historical data, and tailored regional analysis Asia

Why did nitrile rubber prices rise in Southeast Asia?

Price increases in major exporting countries, combined with rising butadiene costs and transportation expenses due to logistical issues, influenced the upward trend in nitrile rubber prices across Southeast Asia. Countries like Malaysia saw higher prices, driven by reduced availability and improved domestic economic conditions. Europe

Why did the nitrile rubber market deteriorate in 2024?

The European nitrile rubber market faced significant challenges due to a deteriorating economic environment throughout the first half of the year 2024. Inflationary pressures and volatile energy costs negatively impacted purchasing sentiments across various end-use industries.

Why are nitrile rubber spot prices falling?

The lagging Chinese economy and the declining cost of feedstock materials also projected dim sentiments of the nitrile rubber market, resulting in an acute decline of Chinese nitrile rubber spot prices from approximately 2055 USD/MT at the beginning of H2 to 2035 USD/MT in December’23. Europe

Does nitrile rubber have a volatility pattern?

The pattern of volatility observed in the Asia-Pacific markets of nitrile rubber was also seen in the European countries. In the first and second quarters of 2023, strict monetary policies, plunging economic conditions, and rising inflation challenged the price trend of nitrile rubber in the initial months.

What is nitrile rubber?

Please Login or Subscribe to explore our dashboard. Nitrile rubber, also known as Buna-N, is a synthetic rubber copolymer of acrylonitrile and butadiene. Because of its excellent tensile strength, temperature resistance and elastic properties, it has wide applications in various industries like the automotive, aerospace, and medical industries.