Butyl Rubber Price in USA
- United States: 2045 USD/MT
During Q4 2023 in the United States, butyl rubber price to increase to 2045 USD/MT.
The latest report by IMARC Group, titled “Butyl Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of butyl rubber prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Butyl Rubber Prices Analysis:
- Singapore: 2115 USD/MT (MV 32-51)
- Russia: 1795 USD/MT (MV 32-51)
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The study delves into the factors affecting butyl rubber price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Butyl Rubber Price Trend- Last Quarter
A few factors influence the butyl rubber industry, including supply chain dynamics, economic conditions, and shifts in demand in downstream industries including construction, tires, and automobiles. Due to growth in the automotive industry, the market in North America saw stability early in Q2 2024. However, as inflationary pressures and weakening demand—particularly in the construction and automotive sectors—later in the quarter, the market saw a steep decrease. Strong demand from the tire and automotive industries, reinforced by more trading activity and supportive government regulations, has propelled the industry in the Asia-Pacific area.
In the meantime, supply chain interruptions and seasonal influences have made the MEA region’s downturn worse. The region has seen an oversupply and falling demand. Europe is exhibiting a mixed trend, mostly due to variations in supply chain problems, export dynamics, especially with respect to the Russian market, and downstream demand swings.
Butyl Rubber Industry Analysis
The automotive and construction industries’ declining demand, the high rates of inflation that affect consumer spending, and supply chain disruptions like possible strikes and a decline in imports all had an impact on the Butyl Rubber prices in North America in Q2 2024. A surplus and subsequent pricing pressure were caused by these variables. Prices of butyl rubber in the Asia-Pacific area were mainly influenced by increased demand from the tire and automobile industries as well as supportive government measures meant to stimulate these sectors of the economy. The pricing pressure was further heightened by increasing trading activity in response to rising demand, supply chain interruptions, and port congestion. The region’s overall price increase in Q2 2024 was supported by both seasonal reasons and increased crude oil prices, which also led to higher production costs.
The sluggish demand for automobiles and construction in the MEA region led to an excess of butyl rubber in Q2 2024, which resulted in a reduction in pricing. The price decline was also influenced by weaker purchasing power, supply chain interruptions, and seasonal variations. Prices for butyl rubber vary throughout Europe because of various supply chain and downstream demand interruptions. Mixed feelings prevailed in the market as the industrial and construction sectors underperformed compared to the resilient automobile sector. Due to excess inventory, prices decreased in the first half of Q2 2024; but, in the latter half, export demand and growing production costs caused a small price gain. Seasonal holidays also had a brief impact on market dynamics, which made the quarter’s price environment difficult.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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