Asia EPDM downtrend on eighth month; demand may not pick up soon
- 07-Jun-2019 9:00 PM
- Journalist: Patrick Knight
EPDM is a synthetic rubber and is used in automotive and construction industries. The constant fall in prices of ethylene-propylene-diene monomer (EPDM) since October 2018 in Asia may not pick up in near future. This fall in prices is attributed to excessive supply and slowing demand. The poor performance of automotive sectors in China & India has also contributed to the fall in prices.
Additionally, regional prices are also down by 16-26% since October 2018, and movement of cargoes from Middle East due to the start of a new plant in Saudi Arab, has also weighed down on the Asian market.
In Southeast Asia and India, prices have seen a downfall of about 16% and 20% respectively. The China market has seen a downfall of around 26%; the price has dropped to INR 110719.24 -117232.14.