Texas, USA: The Isoprene Rubber MV xx-xx market is experiencing a mixed trend. In the US market, the prices of Isoprene Rubber MV xx-xx are witnessing a bearish market scenario which is affected by the incline in the inflation rate, whereas, the European and Asian markets are showcasing stability in their trend due to the ample inventory levels in the storage units to meet the demand from the downstream Automotive and Tire sectors, despite the economical pressure.
In the US market, the Isoprene Rubber MV xx-xx is declining continuously, and during the week ending on xxth May, the prices of the commodity declined by x.xxx and settled at USD xxxx/MT (FOB-Texas). This week, the inventory levels of Isoprene Rubber MV xx-xx subdued the demand from the downstream Automotive and Tire sectors resulting in piled-up inventories and a lower consumption rate. Therefore, the Isoprene Rubber MV xx-xx...
