Global Prices of EPDM Rubber on the Rise
- Journalist: Francis Stokes
The prices of EPDM rubber are rising globally owing to the rising crude oil prices and freight rates. The prices in Europe have been rising since the past five months. The prices in Germany were assessed at USD 2862 per tonne in June which started to rise reaching to USD 2983 per tonne in July further rising to USD 3264 per tonne in the month of August. The prices remained high in the month of September which rose to USD 3878 per tonne in the mid-October. The prices have increased further in the month of November with the prices reaching USD 4053 per tonne in the last week.
The prices of EPDM rubber have shown a similar trend in the USA also. The prices of medium diene and commercial grade EPDM rubber were assessed at USD 3271 per tonne and USD 2288 per tonne respectively in the month of October which have risen to USD 3685 per tonne and USD 2460 per tonne in the last week. The major reasons for price hike in the USA are the rising prices of metallocene catalyst which are being used as an alternative to traditional Ziggler Natta catalyst.
The prices in the Asian countries including Japan and China are also rising owing to rising crude oil prices and increasing logistical constraints. The prices in Japan were assessed at USD 2848 per tonne in the mid-October which have risen to USD 2985 per tonne in the third week of November.
EPDM rubber is a synthetic elastomer. It contains ethylene, propylene, and a diene comonomer which is crosslinked through sulphur vulcanization. It is the third largest synthetic rubber market after styrene butadiene rubber (SBR) and polybutadiene rubber (PBR). The global demand for EPDM rubber stood at around 1.3 million tonnes in 2020 and is expected to grow at a CAGR of 3.83% during the upcoming years till 2030.
As per ChemAnalyst, “the prices of EPDM rubber which are increasing globally with the prices experiencing hike in European, Asian, and American markets are expected to rise for the upcoming week also due to the rising crude oil prices and soaring freight rates in the Asian and European Markets.