The price of the Hydrogenated Nitrile Butadiene Rubber (HNBR) in the global market witnessed an increment in Feb. This increase in the HNBR price aligns with the increase in the price of feedstock majorly Butadiene and Acrylonitrile. Additionally, supportive demand from the downstream market has even contributed to influencing the pricing dynamics of the HNBR globally.
In the Asian market majorly Japan, the price of HNBR showcased an increment of x.xx in Feb. From the feedstock market the price of the Butadiene showcased an increment of x.xxx and Acrylonitrile showcased x.xx increase which marked a contributing factor in influencing the overall price increase of the HNBR in the Japanese market. Meanwhile, manufacturers are facing shrinking profit margins and have begun raising their contract selling prices for Butadiene-based elastomers to offset rising costs. From the downstream market, According to the Japan Light Motor Vehicle and Motorcycle Association, total...
