Texas, US: During February xxxx, the prices of Butyl Rubber MV xx-xx showcased fluctuations in their trend in the global market. In the US market, the prices of Butyl Rubber witnessed an increase in their trend due to increased purchases from the downstream Automotive and Tire sectors, however, other than in the US, Butyl Rubber prices of the commodity fell in Europe, Asia-Pacific, and the Middle East as the demand from the downstream Automotive and Tire sectors was sluggish.
In the US Butyl Rubber market, the prices experienced an incline of x.xxx and reached USD xxxx/MT (FOB-Texas) at the end of February xxxx. Due to the robust demand from the downstream Automotive and Tire sectors, the rate of consumption of the existing inventories was increased, therefore, the production of Butyl Rubber was increased to cope with the rising demand from the domestic as well as the overseas...
