Hamburg (Germany): After experiencing a stable upward trend at the beginning of Qx xxxx, the prices of Nitrile Butadiene Rubber (NBR) have stabilized across the European market. Steady procurement from downstream automotive industries has led manufacturers to maintain stable prices in Germany’s domestic market. However, challenging macroeconomic conditions in Europe continue to impact the manufacturing sector, resulting in subdued NBR demand in both residential and commercial sectors. Despite rising Butadiene prices, average demand from the downstream automotive industries has weighed on NBR market sentiments.
Germany’s central bank has indicated that the German economy experienced a slowdown in the summer, attributed to sluggish domestic consumption, reduced international demand, and higher interest rates. ChemAnalyst data shows that NBR prices settled at USD x,xxx per ton in the week ending May xx. Market sources indicate that price competition with Asian markets has also influenced NBR prices. Customers are anticipating reduced...
