In the European market, the price of EPDM Rubber remained stable in the latter half of May. This stability in the EPDM Rubber price is mainly attributed to the consistent demand and supply ratio among market participants, along with effective inventory management during this period. In contrast, the prices of major feedstocks like ethylene and propylene experienced a downward trend after a sustained increase over the past few months. Suppliers are marginally increasing inventory accumulation, contributing to a trend of higher highs and higher lows in prices. Consequently, these factors have led to fluctuations in the price of EPDM Rubber during this period.
In terms of downstream activity, the German construction industry reached a wage agreement after experiencing renewed strikes, while the manufacturing sector saw a contraction, albeit at a slower rate. Recent price actions suggest that suppliers are adjusting their ex-quotation prices as they...
