The Chinese Epichlorohydrin Rubber market witnessed a notable downturn in August xxxx, despite a resurgence in the downstream automotive sector. This decline was primarily attributed to market competitiveness, ample inventory levels, and economic dynamics. While the automotive industry experienced a boost due to new government subsidies encouraging the trade-in of older vehicles for newer, more eco-friendly models, this positive development did not translate into increased demand for Epichlorohydrin Rubber. The abundance of Epichlorohydrin Rubber inventory in the market led to reduced consumption, preventing a significant price uptick during this timeframe.
August xxxx saw a decrease in China&#xx;s prices for Epichlorohydrin rubber amid Japan&#xx;s lower export price. The price of Epichlorohydrin rubber declined in Japan, which had a subsequent effect on the Chinese market. Market competitiveness played a pivotal role in the price decline. The strengthening of the Chinese yuan against the US dollar made imported goods more...
