Tanjung Priok, Indonesia: In the global market, the prices of Isoprene Rubber witnessed stability in its trend, during the week ending on xxth January xxxx. The stability in the prices of Isoprene Rubber showcased the supply and demand equilibrium. Moderate demand from downstream sectors such as automotive led buyers to approach procurement cautiously, aiming to prevent oversupplies of Isoprene Rubber. Buyers adopted an on-demand procurement strategy rather than bulk purchasing for the Isoprene Rubber, while sellers sought opportunities for profit by maintaining their positions. The cautious approach from buyers and profit-seeking by sellers contributed to the stability of Isoprene Rubber prices. Despite the increase in the energy cost to the incline in the prices of crude oil and adding up to the production cost for Isoprene Rubber the prices remained stable due to moderate demand from the downstream sectors.
In the Indonesian market, the price of...
