Category

Countries

Amidst Weak Demand, Halo Butyl Rubber Prices are Ascending Upwards. Why?

Amidst Weak Demand, Halo Butyl Rubber Prices are Ascending Upwards. Why?

Amidst Weak Demand, Halo Butyl Rubber Prices are Ascending Upwards. Why?

  • 01-Sep-2022 7:00 PM
  • Journalist: Robert Hume

Hamburg, Germany: The market sentiments of Halo Butyl Rubber which has been depleting in the German market since the first week of August, is trying to resurge its value as soon as the month ends. Though the downstream demand from the automotive industry is still poor, the prices of Halo Butyl Rubber are regaining their pace. A significant factor that has been pushing Halo Butyl Rubber prices upwards is the disrupted supply chain. Currently, In Germany, the operation rates are low, inventory levels are insufficient, and the import of goods is compromised. As of Now, only a marginal incline has been observed in the Halo Butyl Rubber market because struggling downstream demand has been balancing the situation.

The Rhine River has been used as a trading route to deliver material to the neighboring Netherlands and France from Germany and vice versa. Recently, it has been plagued by low water levels followed by a blockage caused by a damaged freighter, obstructing the import and export of goods. Ongoing port congestions at essential ports such as Hamburg and Bremerhaven have been enhancing the severity of the situation. As labour unrest and strike has continued in the German domestic market, shipping is getting impacted as there is a lack of empty containers, the waiting time for vessels to get berth has been increasing, and the yard occupancy has been exacerbating. On top of everything, European freight rates have been incrementing.

Apart from sea freights severities, obstructions in road freight have been hitting Germany on the face. Germany mainly imports Halo butyl Rubber from European countries such as Belgium and UK through roads. However, shipping through roads is also getting halted because there is a scarcity of Trucks in the country right now due to AdBlue shortage and the lack of drivers because of labour shortages.

As per ChemAnalyst anticipations, “The market value of Halo Butyl Rubber would keep surging in the upcoming weeks as the supply chain disruptions are likely to affect Germany for a few more weeks. Besides, the automotive industry is trying to recover in the domestic market, and the prices of Halo Butyl Rubber would resurge drastically when the downstream offtake finally improves.”

24X7

Track Real Time Prices

Related News

Improving Availability Pushes Down Halo Butyl Rubber Prices in Europe
  • 28-Oct-2022 3:25 PM
  • Journalist: Peter Schmidt
Would Higher Interest Rates and Economic Slowdowns Cut Down Auto Sales in the USA?
  • 07-Oct-2022 3:43 PM
  • Journalist: Nicholas Seifield
European Halo Butyl Rubber Prices are Driving Upwards due to Supply Woes
  • 15-Sep-2022 4:46 PM
  • Journalist: Harold Finch
GDP Growth Forecast for Next Fiscal Decelerates to 5.8% as per Moody Reports
  • 10-Oct-2019 11:00 AM
  • Journalist: Patrick Knight