In the first half of May xxxx, the European Halo Butyl Rubber market showed bearish sentiment due to weak demand and lower production costs driven by declining feedstock Isobutylene prices. Production remained steady with consistent feedstock availability, but inventory levels rose amid trade disruptions and logistical challenges. Port congestion, low water levels on the Rhine, and new toll regulations in Denmark and the Netherlands added pressure to the supply chain. Despite stable demand from the automotive and construction sectors, overall consumption remained subdued, and market sentiment is expected to remain weak into mid-Qx xxxx.
The Halo Butyl Rubber production rates were firm and consistent availability of feedstock isobutylene supplies. The decrease in Isobutylene costs amid increased Crude Oil production and a decline in input costs negatively impacted the production costs of Halo Butyl Rubber.
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