Key Takeaways:
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ECH rubber prices in Japan holds stability in October ****.
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ECH rubber demand in China and India grew as exports from Japan rises.
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Downstream automotive sector showed robust performance.
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Feedstock Epichlorohydrin prices increased in Japan in October **** which provided costs support to ECH rubber manufacturing.
The FOB price of Epichlorohydrin (ECH) rubber (MV-** grade) in Tokyo, Japan remained unchanged in October ****, as a tight balance between a hike in feedstock prices and a strong export demand for ECH rubber from the production hubs in Asia’s automotive industry, despite a decline in domestic sales.
The ECH rubber price stability occurred despite a *.** rise in epichlorohydrin (ECH) feedstock prices on global tightness in the petrochemical industry and the post-maintenance resumption of production on Kjashima Chemical’s Ibaraki plant at a rate of ***. This rise raised production costs by *-**, nonetheless the Japanese producers took the hit...
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